From Nasdaq:



Wolfspeed (WOLF) stock reached $44.43 in the latest market close, showing a -1% movement compared to the previous day. In the past month, the stock gained 33.81%, outpacing the Computer and Technology sector and the S&P 500. However, analysts expect Wolfspeed to post a decline in earnings, but recent estimate revisions could reflect positive changes. The Zacks Rank for the stock is currently #3 (Hold). Additionally, the Semiconductor – Discretes industry and the Computer and Technology sector are evaluated in the article, with Zacks Industry Ranks of 93 and the top 37%, respectively. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), also offers information on the Zacks Top 10 Stocks for 2024. Investors are encouraged to stay updated with these stock-shifting metrics through Zacks.com. The article also provides links for further information on the Zacks website.



Original: Wolfspeed (WOLF) Stock Sinks As Market Gains: What You Should Know