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Benzinga
Benzinga
Business
Adam Eckert

BIZARRE: Why wolfspeed stock is ripping higher today - You Need To See This

Wolfspeed Wolf
WolfspeedStuttgart,,Germany,-,09-20-2022:,Person,Holding,Smartphone,With,Logo,Of

Wolfspeed Inc (NYSE:WOLF) shares are trading higher Tuesday after the company initiated its pre-packed restructuring process, filing for Chapter 11 bankruptcy.

What Happened: Wolfspeed said it has taken the next step to implement its previously announced Restructuring Support Agreement with key lenders.

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