Wolfspeed Inc’s recently made public that its Director Riley Marvin acquired Company’s shares for reported $50481.0 on May 28 ’24. In the deal valued at $27.05 per share,1,866 shares were bought. As a result of this transaction, Riley Marvin now holds 13,297 shares worth roughly $0.34 million.
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Then, REPLOGLE JOHN B bought 10,000 shares, generating $260,358 in total proceeds. Upon buying the shares at $26.04, the Director now owns 96,788 shares.
Before that, JACKSON DARREN R bought 10,000 shares. Wolfspeed Inc shares valued at $257,954 were divested by the Director at a price of $25.80 per share. As a result of the transaction, JACKSON DARREN R now holds 49,021 shares, worth roughly $1.26 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 fall -0.96% to $25.70. Over the last five days, the stock has gained 3.09%. Wolfspeed Inc shares have fallen nearly -40.93% since the year began. Nevertheless, the stocks have fallen -46.50% 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 $26.04, while 200 days put it at $33.22. A total of 2.78 million shares were traded, compared to the trading of 2.11 million shares in the previous session.
Levels Of Support And Resistance For WOLF Stock
The 24-hour chart illustrates a support level at 24.92, which if violated will result in even more drops to 24.13. On the upside, there is a resistance level at 26.68. A further resistance level may holdings at 27.65. The Relative Strength Index (RSI) on the 14-day chart is 49.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.07%. Stochastics %K at 45.62% 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.
