Wolfspeed Stock Set to Rise for Third Day. Why Shares Are Suddenly Surging. - Barron's
1. Wolfspeed is negotiating debt restructuring with Apollo Global Management. 2. Stock declined 26% after earnings report raised serious concerns. 3. Wolfspeed rose 0.5% amid mixed trading in the semiconductor sector. 4. Company's funding under CHIPS Act appears doubtful under the new administration. 5. Wolfspeed is among the most shorted stocks this year.