Bearish SharkThere is a gap below price that may kick in as support, even if temporary.
Price is still above it's longer term moving averages.
Alternate Shark and price appears to have terminated at the 1.113 versus the .886.
Possible stop above the 1.113 or where you see resistance.
No recommendation.
Short interest is around 7.77%
EPS (FWD)
0.16
PE (FWD)
697.08
Div Rate (TTM) 0
Yield (TTM) 0
Short Interest
7.73%
Market Cap
$14.08B
Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies Europe, China, the United States, Japan, South Korea, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications. The company also provides power devices, such as silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), and power modules for customers and distributors to use in applications, including electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, it offers RF devices comprising GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.
