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Wolfspeed (NYSE:WOLF) rose 3.6% amid a disclosure that activist investor Jana Companions has taken a stake.
Jana filed an modification to its 13-F submitting disclosing that it owned 936,000 shares of Wolfspeed (WOLF) as of the top of Q3, in response to a filing late Thursday.
The Jana disclosure comes after Wolfspeed, whose shares have dropped 50% this yr, final month appointed Thomas Werner as chairman of the board. Werner succeeds Darren Jackson, who stepped down as chair after 5 years within the function.
Wolfspeed (WOLF) shares skyrocketed 22% on Oct. 31 after forecasting income forward of expectations.
Wolfspeed’s (WOLF) brief curiosity is 15%.