Wolfspeed Shares Plummet Despite Major Technology Launch

Wolfspeed’s stock experienced a severe sell-off in the latest trading session, closing with substantial losses. This decline occurred paradoxically on the same day the semiconductor specialist announced a significant strategic innovation that would typically generate positive market sentiment.

Investors traded a massive 22.4 million shares, driving the price down by $0.23 to close at $2.02. A particularly concerning signal emerged from the options market, where traders acquired 124,309 put options. This figure represents a 15 percent increase above the average volume, indicating that a large number of market participants are either betting on further price declines or hedging their positions against a potential crash.

Strategic Restructuring Overshadows Operational Progress

The positive news from the company involved the commercial launch of its... Read more...