Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Wolfspeed Stock Is Plummeting Today

TheMotleyFool

0 0

Why Wolfspeed Stock Is Plummeting Today: https://g.foolcdn.com/editorial/images/834380/gettyimages-1410807011.jpg

(NYSE: WOLF) stock is falling rapidly in Friday's trading. The company's share price was down 10.4% as of 2:15 p.m. ET despite the S 500 being up 0.3% and the Nasdaq Composite being up 0.4%.

Wolfspeed's valuation is contracting today in conjunction with meme stock trading. Despite today's share price slide, the stock is still up roughly 68% over the last month of trading.

Image source: Getty Images.

Source Fool.com