Wolfspeed Inc’s filing revealed that its Director Dorchak Glenda acquired Company’s shares for reported $29921.0 on Nov 22 ’24. In the deal valued at $8.33 per share,3,592 shares were bought. As a result of this transaction, Dorchak Glenda now holds 18,688 shares worth roughly $0.14 million.
Then, JACKSON DARREN R bought 36,975 shares, generating $249,999 in total proceeds. Upon buying the shares at $6.76, the Director now owns 85,996 shares.
Before that, WERNER THOMAS H bought 37,500 shares. Wolfspeed Inc shares valued at $244,785 were divested by the Chairman of the Board at a price of $6.53 per share. As a result of the transaction, WERNER THOMAS H now holds 108,549 shares, worth roughly $0.84 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 Monday, Wolfspeed Inc [NYSE:WOLF] saw its stock jump 10.09% to $7.75. Over the last five days, the stock has lost -3.12%. Wolfspeed Inc shares have fallen nearly -82.19% since the year began. Nevertheless, the stocks have fallen -82.73% over the past one year. While a 52-week high of $47.43 was reached on 01/02/24, a 52-week low of $6.10 was recorded on 11/21/24. SMA at 50 days reached $10.60, while 200 days put it at $17.85.
Levels Of Support And Resistance For WOLF Stock
The 24-hour chart illustrates a support level at 7.31, which if violated will result in even more drops to 6.87. On the upside, there is a resistance level at 8.00. A further resistance level may holdings at 8.24. The Relative Strength Index (RSI) on the 14-day chart is 43.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.41%. Stochastics %K at 10.38% 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 2024-11-29, growing by 2.3 million shares to a total of 38.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 36.28 million shares. There was a rise of 5.95%, which implies that there is a positive sentiment for the stock.
