Wolfspeed, Inc. Being Investigated on Behalf of Wolfspeed, Inc. Investors. Contact Levi & Korsinsky For Details.
NEW YORK, NY / ACCESSWIRE / November 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed, Inc.") (NYSE:WOLF) concerning possible violations of federal securities laws.
On November 7, 2024, WOLF conducted an earnings call corresponding to its third quarter results revealing a slow-down in growth of its 200mm facility at Mohawk Valley, signaling a significant demand headwind as the facility purportedly continues to ramp production. WOLF simultaneously announced the implementation of a 20% workforce reduction focused on administrative and other non-factory employees.
Following this news, WOLF 's stock price fell by $5.38 per share to close at $8.33 per share. To obtain additional information, go to:
https://zlk.com/pslra-1/wolfspeed-inc-lawsuit-submission-form?prid=112219&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY:Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services ' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE:Levi & Korsinsky, LLP
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