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Wolfspeed Soars 27.97% on Bankruptcy Filing
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jul 7, 2025 6:48 am ET1min read
On July 7, 2025, Wolfspeed's stock surged by 27.97% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.
Wolfspeed's recent volatility can be attributed to its pre-packaged Chapter 11 bankruptcy filing and subsequent restructuring plans. This move has sparked intense interest and speculation among investors, leading to dramatic price fluctuations.
In addition to the bankruptcy news, Wolfspeed's stock has also been influenced by its technical indicators. The company's 20-day exponential moving average stands at 1.04, while its share price is currently at 1.18, suggesting a buy signal for traders.
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