Wolfspeed Inc (NYSE: WOLF) stock suffered a major decline of -15.6% on 8/28/24. The shares closed at $10.34. Moreover, trading volume in this decline was unusually high at 188% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -21.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WOLF is expected to continue to be a modest Value Builder.
Wolfspeed has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Wolfspeed has a slightly positive Appreciation Score of 61 but a very low Power Rating of 4, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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