Wolfspeed’s Stock: A Volatile Chapter Ends
The drama began in June, when Wolfspeed filed for Chapter 11 bankruptcy, a move that would make even a seasoned sailor mutter about stormy seas. Tuesday’s court nod to its restructuring plan briefly turned skeptics into optimists, but today’s sell-off suggests investors are trading like drunken sailors-grabbing what they can before the ship goes down. No new news? No matter. The market’s a creature that thrives on momentum, and when that momentum falters, it flees faster than a fox from a farmer’s dog.