Where Will Wolfspeed Inc (WOLF) Stock Go Next After It Has Risen 22.78% in a Week?

Overall market sentiment has been high on Wolfspeed Inc (WOLF) stock lately. WOLF receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Wolfspeed Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WOLF!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WOLF Stock Today?

Wolfspeed Inc (WOLF) stock is trading at $110.69 as of 9:50 AM on Friday, Aug 19, a decline of -$2.07, or -1.84% from the previous closing price of $112.76. The stock has traded between $109.16 and $112.90 so far today. Volume today is less active than usual. So far 312,339 shares have traded compared to average volume of 1,857,709 shares.

More About Wolfspeed Inc

Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries. Click Here to get the full Stock Report for Wolfspeed Inc stock.