Wolfspeed Inc’s recently made public that its Director REPLOGLE JOHN B acquired Company’s shares for reported $0.26 million on Feb 02 ’24. In the deal valued at $26.04 per share,10,000 shares were bought. As a result of this transaction, REPLOGLE JOHN B now holds 96,788 shares worth roughly $2.45 million.
Then, JACKSON DARREN R bought 10,000 shares, generating $257,954 in total proceeds. Upon buying the shares at $25.80, the Director now owns 49,021 shares.
Before that, Smith Stacy J bought 9,450 shares. Wolfspeed Inc shares valued at $249,018 were divested by the Director at a price of $26.35 per share. As a result of the transaction, Smith Stacy J now holds 17,464 shares, worth roughly $0.44 million.
William Blair downgraded its Wolfspeed Inc [WOLF] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Mizuho began covering WOLF with “Neutral” recommendation on April 05, 2024. Wells Fargo revised its rating on April 03, 2024. It rated WOLF as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of WOLF
On Friday, Wolfspeed Inc [NYSE:WOLF] saw its stock jump 7.51% to $25.33. Over the last five days, the stock has lost -3.50%. Wolfspeed Inc shares have fallen nearly -41.78% since the year began. Nevertheless, the stocks have fallen -41.45% over the past one year. While a 52-week high of $70.42 was reached on 01/02/24, a 52-week low of $20.63 was recorded on 05/02/24. SMA at 50 days reached $26.50, while 200 days put it at $36.51. A total of 5.92 million shares were traded, compared to the trading of 18.38 million shares in the previous session.
Levels Of Support And Resistance For WOLF Stock
The 24-hour chart illustrates a support level at 24.47, which if violated will result in even more drops to 23.61. On the upside, there is a resistance level at 25.93. A further resistance level may holdings at 26.54. The Relative Strength Index (RSI) on the 14-day chart is 48.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.08%. Stochastics %K at 55.80% indicates the stock is a holding.
The most recent change occurred on May 18, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $46 price target.
