Wolfspeed Jumps From $1 To $20 In A Single Day On Bankruptcy Share Swap
This article first appeared on GuruFocus. Sep 30 – Wolfspeed (NYSE:WOLF) shares skyrocketed Monday as the company completed a major restructuring tied to its bankruptcy plan. The stock closed at $20.89, a jump of more than 1,700% from Friday’s $1.21 close, after all previously issued shares were cancelled and replaced with a new issuance. Wolfspeed…