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Stock impact report

WOLF INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Wolfspeed, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Wolfspeed, Inc. (WOLF) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Wolfspeed, Inc. (“Wolfspeed” or “the Company”) (NYSE: WOLF) and certain of its officers.Class DefinitionThis lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Wolfspeed securities between August 16, 2023 and November 06, 2024 inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/WOLF.Case DetailsThe Complaint alleges that on November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025, revealing that the actual performance of the Mohawk Valley facility was far below expectations, and that the 20% utilization of the facility would lead to revenue 30% to 50% lower Show less Read more
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