US Stock Market Move | Reorganization plan approved by the court, Wolfspeed (WOLF.US) surges over 41%
As of the time of publication, the stock has risen more than 41% to $1.73.
On Tuesday, the stock price of Wolfspeed (WOLF.US) soared, rising over 41% to $1.73 as of the time of writing. On the news front, Wolfspeed's restructuring plan has been approved by the court. The company expects to emerge from bankruptcy protection in the next few weeks and reduce its debt by approximately 70%.
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