Wolfspeed Cuts Debt By 70%. Should You Buy WOLF Stock Now?
Wolfspeed (WOLF) stock jumped nearly 20% at market open today after the chipmaker confirmed that bankruptcy restructuring has reduced its overall debt load by a whopping 70%. The announcement arrives about a month after WOLF exited Chapter 11 bankruptcy that its chief executive, Robert Feurle, said positions the company to “move swiftly on its strategic priorities.” More News from Barchart Including today’s rally, Wolfspeed stock is trading up nearly 40% over the past five days. www.barchart.com Why D ...