Why Wolfspeed Stock Plunged 30% in December
Shares of semiconductor company Wolfspeed (NYSE: WOLF) tumbled 30.5% last month, according to data provided by S&P Global Market Intelligence, as investors processed two bits of bad news for the company.
The first was a report by Axios highlighting the company’s recent struggles with management and attempts to grow its silicon carbide chips business. The second setback came from a law firm suing the company for alleged securities fraud.
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