Activist investor Jana discloses 'significant' stake in Wolfspeed, urges semiconductor manufacturer to consider sale [MSNBC.com]
Wolfspeed, Inc. (WOLF)
Company Research
Source: MSNBC.com
In this articleScott Ostfeld, managing partner and portfolio manager with JANA Partners LLC., speaks during the 13D Monitor's Active-Passive Investor Summit in New York City, U.S., October 17, 2023.Brendan Mcdermid | ReutersActivist investor Jana Partners disclosed in a letter Monday that it has built a "significant" position in semiconductor manufacturerWolfspeedIn the letter to Wolfspeed's board, viewed by CNBC, Jana wrote that the semiconductor company's "differentiated manufacturing capabilities" and status as an "American supplier supporting the energy transition" gave it significant intrinsic value. Jana also wrote that management's missteps around capital allocation, execution and strategy had depressed the stock.Shares of Wolfspeed surged nearly 9% on news of Jana's position, which was first reported by Reuters. Still, the company's shares are down more than 70% from their 2021 highs.Jana called on the board to set and execute on metrics and key milestones for two of Wolfspee
Show less
Read more
Impact Snapshot
Event Time:
WOLF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WOLF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WOLF alerts
High impacting Wolfspeed, Inc. news events
Weekly update
A roundup of the hottest topics
WOLF
News
- Why Wolfspeed Sank Today [Yahoo! Finance]Yahoo! Finance
- Wolfspeed, Inc. (NYSE: WOLF) had its price target lowered by analysts at Citigroup Inc. from $29.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- Wolfspeed, Inc. (NYSE: WOLF) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $50.00 to $47.00. They now have a "buy" rating on the stock.MarketBeat
- Wolfspeed: Anything But Speed Of Progress [Seeking Alpha]Seeking Alpha
- Wolfspeed (WOLF) Reports Loss in Q3 Earnings, Revenues Up Y/Y [Yahoo! Finance]Yahoo! Finance
WOLF
Earnings
- 5/1/24 - Beat
WOLF
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 3/4/24 - Form 8-K
- WOLF's page on the SEC website