Wolfspeed Shares Experience Dramatic Volatility Following Court Ruling

Wolfspeed Inc. witnessed extreme price swings in today’s trading session after a U.S. court delivered a pivotal ruling on the company’s financial restructuring. The official confirmation of its Chapter 11 reorganization plan triggered a powerful, yet short-lived, rally followed by a sharp sell-off as investors digested the full implications of the court’s decision.

The initial market reaction was overwhelmingly positive. News that the court had approved the plan, paving the way for Wolfspeed to formally emerge from bankruptcy protection within the coming weeks, sent its share price skyrocketing. The stock surged by as much as 60% in early trading as investors celebrated the significant financial relief the plan provides.

The approved restructuring delivers substantial... Read more...