The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wolfspeed Inc shares valued at $50,481 were purchased by Riley Marvin on May 28 ’24. At $27.05 per share, Riley Marvin acquired 1,866 shares. The insider’s holdings grew to 13,297 shares worth approximately $0.2 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, JACKSON DARREN R purchased 10,000 shares, netting a total of over 257,954 in proceeds. Following the buying of shares at $25.80 each, the insider now holds 49,021 shares.
Before that, REPLOGLE JOHN B had added 10,000 shares to its account. In a trade valued at $260,358, the Director bought Wolfspeed Inc shares for $26.04 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $1.43 million.
As published in a research note from Mizuho on October 03, 2024, Wolfspeed Inc [WOLF] has been rated down from a Neutral to an Underperform and the price target has been revised to $8 from $17. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late August. As of August 22, 2024, Goldman has reiterated its “Buy” rating for WOLF. Earlier on August 07, 2024, New Street downgraded its rating. Their new recommendation was “a Neutral” for WOLF stock which previously was a “a Buy”.
Analyzing WOLF Stock Performance
During the last five days, there has been a drop of approximately -6.79%. Over the course of the year, Wolfspeed Inc shares have dropped approximately -65.94%. Nevertheless, trading volume fell to 10.85 million shares from 13.23 million shares the previous day.
Support And Resistance Levels for Wolfspeed Inc (WOLF)
RSI (Relative Strength Index) is 65.20 on the 14-day chart, showing neutral technical sentiment.
