Shares of Wolfspeed (WOLF) moved higher after Jana Partners’ Scott Ostfeld spoke about the firm’s stake at the 13D Monitor Active-Passive Investor Summit. Ostfeld said Jana’s stake in Wolfspeed is “significant” and that the firm sees “significant upside” in the shares. Shares of Wolfspeed moved off their lows following the comments. Jana initially disclosed a stake in Wolfspeed back in May.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WOLF:
- Wolfspeed (WOLF) Secures Sizeable Funds for Expansion in the Semiconductor Industry
- Unusually active option classes on open October 17th
- Unusually active option classes on open October 16th
- Wolfspeed nominates Thomas Seifert and Woody Young to board
- Wolfspeed price target raised to $15 from $10 at Morgan Stanley