Why Wolfspeed Stock Surged This Week Despite Incredible Volatility

Wolfspeed (NYSE: WOLF) managed to close out the past week of trading with double-digit gains despite big sell-offs in the second half of the stretch. The company's share price climbed 12.3% from the previous week's market close.Wolfspeed's valuation received a massive boost at the beginning of this week, after the company announced it had named Gregor van Issum as its next chief financial officer. The news kicked off a huge rally that saw the stock more than double across Monday and Tuesday's trading, but the share price surge lost steam and gave way to a big pullback later in the week.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool