Wolfspeed Inc’s recent filing unveils 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 $0.16 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 $0.59 million.
New Street downgraded its Wolfspeed Inc [WOLF] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Mkt perform”. TD Cowen also remained covering WOLF and has decreased its forecast on May 02, 2024 with a “Hold” recommendation from previously “Buy” rating. Mizuho started covering the stock on April 05, 2024. It rated WOLF as “a Neutral”.
Price Performance Review of WOLF
On Monday, Wolfspeed Inc [NYSE:WOLF] saw its stock fall -5.38% to $11.97. Over the last five days, the stock has lost -21.82%. Wolfspeed Inc shares have fallen nearly -72.49% since the year began. Nevertheless, the stocks have fallen -78.02% over the past one year. While a 52-week high of $57.29 was reached on 01/02/24, a 52-week low of $12.51 was recorded on 08/12/24. SMA at 50 days reached $22.40, while 200 days put it at $28.92.
Levels Of Support And Resistance For WOLF Stock
The 24-hour chart illustrates a support level at 11.60, which if violated will result in even more drops to 11.22. On the upside, there is a resistance level at 12.53. A further resistance level may holdings at 13.08. The Relative Strength Index (RSI) on the 14-day chart is 26.08, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.94%. Stochastics%K at 6.97% indicates the stock is a buying.
How much short interest is there in Wolfspeed Inc?
A steep rise in short interest was recorded in Wolfspeed Inc stocks on
