Wolfspeed Is Plummeting Today -- Is the Highly Volatile Stock a Buy Right Now?

Wolfspeed (NYSE: WOLF) stock is continuing to lose ground Thursday after a big sell-off in yesterday's trading. The company's share price was down 19.4% as of 2:15 p.m. ET today and had been down as much as 22.8% earlier in the session.Wolfspeed has seen incredible volatility this week. The stock kicked off the stretch with massive gains after the company announced on Monday that it had selected Gregor van Issum as its next chief financial officer. The news spurred an incredible surge for the stock, and the rally continued through Tuesday's trading -- but shares have subsequently seen some big pullbacks. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool