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Stock impact report

Wolfspeed, Inc. (WOLF) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

Wolfspeed, Inc. (WOLF) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Wolfspeed, Inc. (“Wolfspeed” or “the Company”) (NYSE: WOLF). Investors who purchased Wolfspeed securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/WOLF.Investigation DetailsOn August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023. Providing a weaker-than-expected business outlook for 2024, Wolfspeed said that it expects sales to fall within a range of $220 million to $240 million and that it expects to lose between $0.60 and $0.75 per share, significantly more than analyst expectations of a loss of $0.20 per share. On this news, Wolfspeed’s stock price fell $9.07 per share, or 17.06%, to close at $44.10 per share on August 17, 2023.Then, on May 1, 2024, Wolfspeed issued a press release announcing its financial Show less Read more
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