Wolfspeed Soared Again Today -- Is the Stock a Buy?

Wolfspeed (NYSE: WOLF) stock closed out Tuesday's trading with another day of big gains despite retreating from its intra-day high. The company's share price gained 9.1% in the daily session, but it had been up as much as 44.2% earlier in the session.Wolfspeed stock saw a massive rally in Monday's trading after it was announced that the company had selected Gregor van Issum as its next chief financial officer, and the bullish momentum continued in today's trading. While there wasn't any fresh news powering the sustained rally today, investors continued buying into the stock in hopes of additional gains. There may be different strategies at play here.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool