Wolfspeed extends losses amid CEO change
ReutersMar 28, 2025 12:45 PM
Shares of chipmaker Wolfspeed WOLF.N fall 38% to $3.3 in premarket trading
On Thursday, the company named chip industry veteran Robert Feurle as its CEO effective May 1
About 32.5% of WOLF's free float is in short position, according to Ortex estimates as of March 27
In November, WOLF ousted top boss Gregg Lowe without cause
Up to last close, WOLF down 19.2% YTD
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