Is Wolfspeed (WOLF) Stock on a Post-Bankruptcy Path to $5?
4 Articles
4 Articles
Is Wolfspeed (WOLF) Stock on a Post-Bankruptcy Path to $5?
Key Points WOLF stock became highly volatile after Wolfspeed filed for Chapter 11. However, Wolfspeed may now be on a path to recovery and WOLF stock might be worth a second look. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; learn more here.(…
Wolfspeed’s shares surge as US bankruptcy court approves restructuring plan
Chipmaker Wolfspeed’s shares surged about 48 per cent to $1.82 on Tuesday after it said a U.S. court confirmed its Chapter 11 reorganization plan, clearing the way to exit bankruptcy protection in the next several weeks. Upon emergence from bankruptcy, the company expects to reduce its overall debt by about 70 per cent, or nearly $4.6 billion, and cut its annual total cash interest payments by about 60 per cent. Wolfspeed makes chips using silic…
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