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 $89089.90000000001.
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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, REPLOGLE JOHN B bought 10,000 shares. Wolfspeed Inc shares valued at $260,358 were divested by the Director at a price of $26.04 per share. As a result of the transaction, REPLOGLE JOHN B now holds 96,788 shares, worth roughly $0.65 million.
Mizuho downgraded its Wolfspeed Inc [WOLF] rating to an Underperform from a a Neutral in a research note published on October 03, 2024; the price target was decreased to $8 from $17. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Hold”‘ rating for it. Goldman also remained covering WOLF and reiterated its “Buy” recommendation on August 22, 2024. New Street revised its rating on August 07, 2024. It rated WOLF as “a Neutral” which previously was an “a Buy”.
Price Performance Review of WOLF
On Friday, Wolfspeed Inc [NYSE:WOLF] saw its stock fall -11.84% to $6.70. Over the last five days, the stock has lost -33.20%. Wolfspeed Inc shares have fallen nearly -84.60% since the year began. Nevertheless, the stocks have fallen -81.57% over the past one year. While a 52-week high of $47.43 was reached on 01/02/24, a 52-week low of $7.28 was recorded on 11/15/24. SMA at 50 days reached $10.81, while 200 days put it at $20.16.
Levels Of Support And Resistance For WOLF Stock
The 24-hour chart illustrates a support level at 6.41, which if violated will result in even more drops to 6.13. On the upside, there is a resistance level at 7.26. A further resistance level may holdings at 7.83. The Relative Strength Index (RSI) on the 14-day chart is 30.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.89%. Stochastics %K at 0.53% 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 2024-10-31, dropping by -2.72 million shares to a total of 36.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 39.0 million shares. There was a decline of -7.48%, which implies that there is a negative sentiment for the stock.
