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Wolfspeed (NYSE: WOLF) is experiencing significant stock volatility, with shares down 19.4% as of 2:15 p.m. ET, following a 22.8% drop earlier in the session. The decline follows a surge earlier this week after the announcement of Gregor van Issum as the new chief financial officer, marking a stark reversal after initial gains.
Explain It To Me Like I’m 5: Wolfspeed’s stock went up a lot when they got a new money boss, but now it’s going down a lot after some people decided to sell their shares.
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