Wolfspeed Stock Soars Nearly 100% with New CFO - Is It a Buy or Risky Bet?

Wolfspeed’s stock has skyrocketed by 96.6% as of Monday afternoon trading after announcing Gregor van Issum as the next CFO. Van Issum will take over on Sept. 1 to lead the company’s financial restructuring. Despite previous bankruptcy concerns, investors are optimistic about Wolfspeed’s future with van Issum’s expertise in corporate restructuring. However, there is still a risk of current shareholders losing their investment as the company tackles its high debt levels. Before investing in Wolfspeed, consider other top stock picks recommended by The Motley Fool Stock Advisor team for potential high returns.

Read more at Yahoo Finance: Wolfspeed Is Skyrocketing Today — Is the Stock a Buy Right Now?