Here's Why Wolfspeed Stock Is Soaring Today
Shares of industrial outfit (NYSE: WOLF) are ending a raucous trading week as wildly as they started it, rallying again on Friday to overcome Tuesday's sizable pullback from the prior week's explosive gains. As of 12:56 p.m. ET, the stock is up 23%, in fact, or 35% above last Friday's close.
There's a clear catalyst for today's big move, too. But, there's also (much) more to the story.
Image source: Getty Images.
Source Fool.com
Wolfspeed Inc. Stock
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-0.430%
With 4 Buy predictions and 3 Sell predictions the community is currently undecided on Wolfspeed Inc..
Based on the current price of 1.28 € the target price of 4 € shows a potential of 212.74% for Wolfspeed Inc. which would more than double the current price.
