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Wolfspeed’s Three-Decade Stock Journey Yields Meager 12% Return
Wolfspeed’s Three-Decade Stock Journey Yields Meager 12% Return
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BTCCSquare news:
Wolfspeed, formerly known as Cree, went public in February 1993 at a split-adjusted price of $1.22 per share. Despite pivoting from LED technologies to silicon-carbide semiconductors, the company has struggled with weaker-than-expected demand and operational challenges.
Three decades later, the stock trades at just $1.37—a mere 12% appreciation that fails to outpace inflation. Investors who held 1,000 shares since IPO WOULD see their $1,220 investment grow to only $1,370 today.
The company's recent Chapter 11 bankruptcy filing underscores its ongoing difficulties in capitalizing on the electric vehicle and power module markets.
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