SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

SSgA Active Trust - State Street SPDR S&P 500 ETF Trust

SPDR S&P 500 ETF is surging as comments from Donald Trump about the Iran conflict being "very complete, pretty much" trigger a broad market rebound, though many in the community are highly skeptical, calling it a "Trump pump" or "manipulation" and questioning the true de-escalation given ongoing geopolitical tensions. The rapid turnaround has sparked intense debate over the market's current volatility and underlying catalysts.

United States Oil Fund LP - United States Oil Fund

United States Oil Fund

The United States Oil Fund (USO) is highly volatile amid escalating Middle East tensions threatening global oil supply, while conflicting statements from former President Trump suggesting the conflict is "very complete" are causing sharp, contentious reversals. The market remains deeply divided on whether sustained geopolitical risks will outweigh potential de-escalation and strategic reserve releases.

Zevra Therapeutics, Inc. is a commercial-stage rare disease company that combines science, data and patient needs to create therapies for diseases with limited or no treatment options. The firm focuses on the treatment of rare neurological and sleep conditions such as certain Urea Cycle Disorders, Niemann Pick Disease Type C and Idiopathic Hypersomnia. The company receives royalties for AZSTARYS from its commercial partner Corium. The company was founded by Christal M. M. Mickle and Travis C. Mickle on October 30, 2006 and is headquartered in Celebration, FL.

Zevra Therapeutics Inc

Zevra Therapeutics is trending after reporting strong quarterly results driven by significant MIPLYFFA revenue, which exceeded expectations and signals a commercial breakthrough, fueling community discussions around future profitability, anticipated European approval, and the impact of a new CFO hire.

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

The Invesco QQQ Trust is surging, fueling a significant short squeeze, after reports of President Trump's optimistic statements suggested the Iran war is 'very complete, pretty much,' leading to a market rebound and a sharp drop in oil prices amid divided investor sentiment.

Volatility Shares Trust - 2x Long VIX Futures ETF

Volatility Shares 2x Long VIX Futures ETF

UVIX is trending as escalating geopolitical tensions, particularly concerning a potential conflict involving Iran and its impact on rising oil prices, are driving widespread market fear and discussions of increased volatility. The community is actively debating whether to accumulate UVIX as a hedge against a market correction or if these events are already priced into the market amid perceived manipulation.

Terrestrial Energy, Inc. is an advanced nuclear technology company focused on next-generation nuclear energy systems. The company is developing the Integral Molten Salt Reactor (IMSR), an innovative type of Generation IV molten salt reactor designed to produce reliable, low-carbon heat and electricity at competitive costs. The company is headquartered in Charlotte, NC.

Terrestrial Energy Inc.

Terrestrial Energy (IMSR) is gaining attention following a new DOE agreement for its IMSR Fuel Salt production pilot and recent positive analyst coverage with a $15 price target. The community actively discusses its Integral Molten Salt Reactor technology as a "dark horse" in the advanced nuclear sector, comparing its potential to peers like OKLO, especially given its strategic position to meet escalating AI data center energy demands.

SELLAS Life Sciences Group, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of immunotherapeutic for cancer indications. Its product pipeline includes galinpepimut-S. The company was founded by Angelos M. Stergiou on April 3, 2006 and is headquartered in New York, NY.

SELLAS Life Sciences Group Inc

SELLAS Life Sciences is trending as bullish investors highly anticipate imminent positive Phase 3 trial results for its AML immunotherapy, GPS, following the CEO's remarks hinting at "curative outcomes" and fueling intense speculation about a potential short squeeze and acquisition interest from major pharmaceutical companies.

Relmada Therapeutics, Inc. is a clinical-stage biotechnology company, which engages in addressing diseases of the central nervous system. It develops esmethadone, an N-methyl-D-aspartate receptor antagonist for the treatment of CNS diseases, and oral agent for depression and other potential indications. The company was founded by Paolo Manfredi on May 31, 2012 and is headquartered in Coral Gables, FL.

Relmada Therapeutics Inc

Relmada Therapeutics is trending following positive 12-month Phase 2 interim data for its bladder cancer candidate NDV-01, which supports advancing to Phase 3, alongside an oversubscribed $160 million private placement financing. The community is vigorously discussing the biotech's significant price and volume surge, anticipating continued momentum for its promising clinical pipeline.

Joby Aviation, Inc. is a transportation company, which engages in developing an all-electric, vertical take-off and landing aircraft that intends to operate as a commercial passenger aircraft. The company was founded by Bevirt Joebenn in 2009 and is headquartered in Santa Cruz, CA.

Joby Aviation Inc

Joby Aviation is trending as it begins early U.S. operations under a White House-backed eVTOL Integration Pilot Program and launches Uber Air in Dubai, marking significant progress toward commercial air taxi services. The community is actively discussing these milestones alongside recent positive earnings and ongoing comparisons with competitor Archer Aviation.

Hewlett Packard Enterprise Co. is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Server, Hybrid Cloud, Intelligent Edge, Financial Services, and Corporate Investments and Other. The Server segment consists of general-purpose servers for multi-workload computing and workload-optimized servers to deliver the performance and value for demanding applications, and integrated systems comprised of software and hardware designed to address high-performance computing and supercomputing, artificial intelligence, data analytics, and transaction processing workloads for government and commercial customers globally. The Hybrid Cloud segment is involved in a variety of cloud-native and hybrid solutions across storage, private cloud, and the infrastructure software-as-a-service space. The Intelligent Edge segment offers wired and wireless local area networks, campus, branch, and data center switching, software-defined wide-area-networks, private and public cellular network software, network security, and associated services that enable secure connectivity for businesses of any size. The Financial Services segment provides investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services for customers that facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. The Corporate Investments and Other segment includes the Advisory and Professional Services business, which primarily offers consultative-led services, HPE and partner technology expertise and advice, implementation services, as well as complex solution engagement capabilities, the Communications and Media Solutions business, which primarily offers software and related services to the telecommunications industry, and Hewlett Packard Labs, which is responsible for research and development. The company was founded by William R. Hewlett and David Packard on July 2, 1939 and is headquartered in Spring, TX.

Hewlett Packard Enterprise Co

HPE is trending as its recent earnings showcased strong demand for AI systems and significant growth in its networking segment, boosted by the completed Juniper Networks acquisition. The community is actively discussing the company's strategic shift to an AI-driven hybrid cloud and networking powerhouse, anticipating substantial market share gains despite lingering concerns about short-term outlooks and rising component costs.

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<ul class="summary-bullets"><li>The partnership is expected to help enable new fintech applications move funds instantly on Solana, hold value in digital dollars, and connect to Western Union's payout options where available.</li><li>Western Union's Digital Asset Network is designed to link stablecoins to real-world cash access.</li><li>The company last month reported that its fourth-quarter revenue of $1.0 billion decreased 5% yoy.&nbsp;</li></ul>Crossmint on Wednesday said that it is partnering with Western Union to support the rollout of U.S. Dollar Payment Token (USDPT) on Solana, and the company's newly announced Digital Asset Network.USDPT is Western Union's (WU) new U.S. dollar-denominated stablecoin. Shares of WU were up 1.3% at the time of writing.&nbsp;Western Union's Digital Asset Network is designed to link stablecoins to real-world cash, allowing users to convert digital dollars into local currency through more than 360,000 collection points worldwide.Crossmint is&nbsp;an enterprise-grade, all-in-one stablecoin and wallet infrastructure enabling fintechs and enterprises to integrate crypto rails and smart wallets with speed, compliance, and scale.&nbsp;<h2 class="st-heading-2">Partnership Details</h2>As part of the partnership, Crossmint plans to integrate with Western Union's Digital Asset Network and support access to USDPT within its existing wallet and payment application programming interfaces (API)s.The partnership is expected to help enable new fintech applications move funds instantly on Solana, hold value in digital dollars, and connect to Western Union's payout options where available."Western Union's Digital Asset Network is designed to link digital value with our global cash and payout ecosystem," said Malcolm Clarke, Western Union's Vice President of Digital Assets. "Working with partners like Crossmint helps to seamlessly connect global wallets and digital platforms to Western Union's trusted payment infrastructure.<h2 class="st-heading-2">Recent Earnings</h2>Western Union reported its fourth-quarter&nbsp;earnings last month, clocking revenue of $1 billion,&nbsp;down 5% on both a reported and an adjusted basis. The change in revenue was largely driven by growth in&nbsp;its Consumer Services and Branded Digital businesses, offset by a slowdown in the Americas retail business.The company said that in the fourth quarter, adjusted earnings per share increased to $0.45 from $0.40 in the prior year period as it benefited from higher adjusted operating profit and fewer shares outstanding.<h2 class="st-heading-2">How Did Stocktwits Users React?</h2>Retail sentiment around WU&nbsp;stock trended in&nbsp;the ‘bearish’ territory amid ‘low’ message volume.&nbsp;Shares in the company have risen 3.7% year-to-date.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.&nbsp;

Western Union logo is seen at the Warszawa Centralna railway station in Warsaw, Poland on August 16, 2024.

Western Union Stock Climbs After Crossmint Joins Co. On Stablecoin Rollout

As part of the partnership, Crossmint plans to integrate with Western Union's Digital Asset Network and support access to USDPT within its existing wallet and payment APIs.

Equity

In this photo illustration,Sabre Corporation logo of a travel technology company is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

SABR Stock Surges Nearly 32%, Hits 100-DMA For First Time In Nearly 9 Months – What’s The Connection With Constellation Software?

The company announced that its board adopted a limited-duration shareholder rights plan following Constellation Software's substantial increase in its stake in the company.

Should iShares S&P Small-Cap 600 Value ETF (IJS) Be on Your Investing Radar?

The broader market ended slightly lower on Thursday, unable to sustain its recovery from Wednesday's slump triggered by the Federal Reserve's December rate-setting meeting. Defensive sectors such as real estate, healthcare, consumer staples, and material and energy stocks served as drags.&nbsp;On a positive note, the Dow Industrials snapped a 10-session losing streak thanks to stock-specific strength.Amid Thursday’s lackluster market performance, the following technology and communication services stocks saw the loudest retail chatter:Angi, Inc. ($ANGI)Denver, Colorado-based Angi, which connects home service professionals with consumers, saw its stock rally by 3.66% on Thursday despite a lack of news. The stock rally set the retail crowd chatting, sending message volume up by 1,500%.On Stocktwits, sentiment toward the stock stayed ‘extremely bullish’ (97/100), with message volume also at ‘extremely high’ levels.&nbsp;<figure class="image"><img style="aspect-ratio:642/141;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/angi_sentiment_1b5675d3c5.png" alt="angi-sentiment.png" width="642" height="141"><figcaption>ANGI sentiment and message volume December 20, 2024, as of 12:02 am ET | Source:&nbsp;Stocktwits</figcaption></figure>&nbsp;A watcher said the stock could be seeing a short squeeze amid insider buying; They projected it as a “breakout candidate” have the potential to rise to $5-$7.<stembedurl>https://stocktwits.com/cbinvb/message/597202948</stembedurl>The stock is down about 32% this year.reAlpha Tech Corp. ($AIRE)Dublin, Ohio-based reAlpha Tech, saw its shares jump 30.36% on Thursday after the real-estate technology company that commercializes artificial intelligence (AI)-powered technologies said its board approved an investment policy for the purchase of cryptocurrencies and to adopt Bitcoin (<a class="mention" data-mention="$BTC.X" data-symbol-id="BTC.X" href="https://stocktwits.com/symbol/BTC.X" target="_blank">$BTC.X</a>), Ethereum (<a class="mention" data-mention="$ETH.X" data-symbol-id="ETH.X" href="https://stocktwits.com/symbol/ETH.X" target="_blank">$ETH.X</a>) and Solana (<a class="mention" data-mention="$SOL.X" data-symbol-id="SOL.X" href="https://stocktwits.com/symbol/SOL.X" target="_blank">$SOL.X</a>) as primary treasury assets.Cryptocurrencies have been on a tear this year, with the upward momentum accelerating after Donald Trump’s victory in the presidential election. The incoming administration has come off as crypto-friendly, driving interest in digital currencies.Retail followers of reAlpha Tech stock on the Stocktwits platform continued to chat about it amid the news, with message volume spiking 1433%.One flagged the likelihood of the stock running up to the $2 area if it breaches the $1.53 resistance.&nbsp;<stembedurl>https://stocktwits.com/PLATINUM_TRADES/message/597300689</stembedurl>The stock has experienced a year-to-date loss of about 27%.My Size, Inc. ($MYSZ)Shares of My Size, an Israeli omnichannel e-commerce platform providing AI-driven software-as-a-service (SaaS) measurement solutions for e-commerce companies, jumped 20.54% on Thursday on nearly four times the average volume. The move came despite a lack of any meaningful catalysts.A retail watcher said he would buy the stock, citing the 500,000 float and warrants trading over $4.&nbsp;<stembedurl>https://stocktwits.com/JanF01/message/597220438</stembedurl>Message volume climbed 1,400 over 24 hours on Thursday.The stock is down a whopping 75% this year.TripAdvisor, Inc. ($TRIP)Needham, Massachusetts-based TripAdvisor, a travel guidance platform, came into retail’s radar after the company struck a merger arrangement with parent Liberty TripAdvisor Holdings, Inc. (<a class="mention" data-mention="$LTRPA" data-symbol-id="LTRPA" href="https://stocktwits.com/symbol/LTRPA" target="_blank">$LTRPA</a>) (<a class="mention" data-mention="$LTRPB" data-symbol-id="LTRPB" href="https://stocktwits.com/symbol/LTRPB" target="_blank">$LTRPB</a>). The merger allows TripAdvisor to acquire Liberty TripAdvisor for about $435 million. The transaction, scheduled to close in the second half of 2025, aims to simplify TripAdvisor’s capital structure and reduce its outstanding shares.The deal terms also allow TripAdvisor to retire nearly 27 million of its common stock currently held by Liberty TripAdvisor.<figure class="image"><img style="aspect-ratio:635/138;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/trip_sentiment_5f6140b626.png" alt="trip-sentiment.png" width="635" height="138"><figcaption>TRIP sentiment and message volume December 20, 2024, as of 12:02 am ET | Source:&nbsp;Stocktwits</figcaption></figure>The 24-hour message volume on TripAdvisor stock jumped 900% on Thursday. Sentiment toward the stock stayed ‘extremely bullish’ (84/100).For the year-to-period, the stock is down over 35%.ZenaTech, Inc. ($ZENA)ZenaTech is a&nbsp;Canada-based provider of AI drone solutions and enterprise SaaS solutions. The micro-cap's shares have been highly volatile amid deal announcements and the U.S. Federal Aviation Authority’s (FCC) clearance for visual line-of-sight commercial applications and data collection in the U.S., subject to specified conditions and limitations.Since its Oct. 1 listing, the stock has lost a little over 12%On Thursday, the stock soared 28.83% before ending at $7.73 on slightly above-average volume. The upside came following the company’s announcement that its subsidiary ZenaDrone has moved into its manufacturing facility in Phoneix, Arizona, to produce U.S. Defense and NATO drones as part of efforts to produce ‘Made in America’ drones.On Stocktwits, message volume spiked by 850% over the past 24 hours.Email newsroom[at]stocktwits[dot]com for updates and corrections.Read Next:&nbsp; <a href="https://stocktwits.com/news-articles/markets/equity/3.ai-stock-falls-to-1-month-low-after-analyst-downgrades-to-sell/cJaY3nyRSL">c3.ai Stock Sinks To 1-Month Low On Analyst’s Sell Call: Retail Stays In Bearish Camp</a>

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City as the market opened after the worst crash since 2022.

5 Technology And Communication Services Stocks With Heightened Activity On Stocktwits Thursday

On Thursday, a handful of stocks trading with notable losses for the year saw brisk activity on Stocktwits, with retail attention triggering a substantial upside. 

Shares of Wolfspeed Inc. (<a class="mention" data-mention="$WOLF" data-symbol-id="WOLF" href="https://stocktwits.com/symbol/WOLF" target="_blank">$WOLF</a>), a prominent manufacturer of silicon carbide (SiC) semiconductors used in electric vehicles (EVs), surged over 20% on Friday, reaching one-week highs after significant insider buying boosted investor sentiment.SEC filings revealed that Wolfspeed directors collectively purchased shares worth approximately $817,000 this week. The purchases included notable buys from Interim CEO Thomas Werner, Duy-Loan Le, Stacy Smith, and Darren Jackson.That has helped counteract recent concerns over management changes and weaker financial performance.&nbsp;Earlier this week, Wolfspeed announced the sudden departure of CEO Gregg Lowe, prompting the board to begin a search for a permanent replacement.&nbsp;Financial challenges have also weighed on the stock, as the company earlier this month reported fiscal first-quarter revenue that missed expectations and issued second-quarter guidance well below estimates. The company also disclosed plans to reduce its workforce by 20% in an effort to streamline its cost structure.<figure class="image"><a href="https://stocktwits.com/symbol/WOLF"><img style="aspect-ratio:1318/318;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/WOLF_sentiment_meter_on_Nov_22_60f3f52b1c.png" alt="WOLF sentiment meter on Nov 22.png" width="1318" height="318"></a><figcaption>WOLF sentiment meter on Nov 22 as of 11:45 am ET | source: Stocktwits</figcaption></figure>Retail sentiment on Stocktwits has shifted dramatically, flipping from ‘extremely bearish’ to ‘extremely bullish’ by Friday afternoon, with message volume more than doubling over the past week.&nbsp;<stembedurl>https://stocktwits.com/Spaculatte/message/593686784</stembedurl><stembedurl>https://stocktwits.com/ianvollmer/message/593688085</stembedurl>On the platform, a poll reveals that 71% of retail investors believe it is the right to buy WOLF stock as the insider stock buys are bullish, while 13% believe it’s too risky and prefer staying out instead.Adding to the renewed enthusiasm, Roth MKM analyst Craig Irwin maintained a ‘Buy’ rating with a $20 price target after hosting meetings with Wolfspeed’s management.&nbsp;Irwin highlighted the company’s strategic importance as a U.S. leader in SiC semiconductor materials and noted that increased demand for 200mm SiC wafers could act as a significant catalyst for growth.Despite Friday’s rally, Wolfspeed shares remain down over 80% for the year, reflecting challenges such as the uncertain future of EV subsidies following Donald Trump’s election victory, which has raised concerns about SiC demand.&nbsp;Last month, the company captured investor attention after <a href="https://stocktwits.com/news-articles/markets/equity/wolf-stock-surges-on-chips-and-private-financing/cJcwCKRR4Y">saying</a> it was set to receive $750 million in U.S. government grants and an additional $750 million in financing led by Apollo Global Management to support its expansion efforts.For updates and corrections email newsroom[at]stocktwits[dot]com.Read next: <a href="https://stocktwits.com/news-articles/markets/equity/estc-stock-rises-after-price-target-hikes-on-earnings-beat/cJIdG6uRg5">Elastic’s Stock Gets Flooded With Price Target Hikes After Earnings Beat: Retail Is All In</a>

Wolfspeed describes itself as “the world’s largest producer of silicon carbide technology."

Wolfspeed Stock Eyes Finishing Troubled Week Higher On Insider Buying Boost: Retail Regains Confidence  

Adding to the renewed enthusiasm, Roth MKM analyst Craig Irwin maintained a ‘Buy’ rating with a $20 price target after hosting meetings with Wolfspeed’s management.

Telehealth company Hims &amp; Hers Health Inc.’s ($HIMS) stock was up 2.4% in afternoon trading on Monday ahead of the company’s third-quarter earnings.Wall Street analysts expect Q3 earnings per share (EPS) to clock at $0.10 on revenue of $382.2 million. Wall Street is looking for signs of continuing demand for telehealth and wellness services. HIMS has beaten analyst estimates three times in the last four quarters.Retail sentiment on the stock turned ‘bullish’ (59/100) from ‘neutral’ (50/100) a week ago, while message volumes returned to the normal zone from low. &nbsp;<figure class="image"><img style="aspect-ratio:1304/306;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_11_05_at_12_03_32_AM_aab33ee228.png" alt="Screenshot 2024-11-05 at 12.03.32 AM.png" width="1304" height="306"><figcaption>HMS sentiment meter and message volumes on Nov 4 as of 1:35 pm ET</figcaption></figure>The company’s stock came under pressure recently after Eli Lilly posted a decline in GLP-1 revenue due to stock shortages and increasing competitive pressures, raising concerns about the sustainability of these medications that are also part of HIM’s offerings.Additionally, Hims &amp; Hers sells a compounded version of semaglutide, the active ingredient in Novo Nordisk’s Ozempic and Wegovy, as an alternative to those drugs. Should the FDA update its shortage list to exclude Novo Nordisk’s flagship drugs, Hims &amp; Hers will no longer be able to sell its version. That looming threat continues to weigh on the stock ahead of results, where investors hope management will provide additional color on the situation.In Q2, the company reported EPS of $0.06, beating estimates by nearly 43.78%. Its revenues stood at $315.65 million, 3.61% above estimates. Its subscribers in Q2 grew 43% to 1.9 million, compared to the previous year."Our second quarter results mark an acceleration in what was already an incredible trajectory. During the quarter, subscribers on our platform approached 1.9 million, increasing 43% year-over-year," Andrew Dudum, co-founder and CEO, said in a statement at the time.Some Stocktwits users were bullish on the prospects for the company’s stock.<stembedurl>https://stocktwits.com/Overstew/message/591085541</stembedurl>HIMS stock has more than doubled year-to-date.For updates and corrections, email newsroom@stocktwits.com

In Q2, the company reported EPS of $0.06, beating estimates by nearly 43.78%.| mImage source: Pixabay

Hims & Hers Stock Up Ahead of Earnings: Retail Sentiment Upbeat

Retail sentiment on the stock turned ‘bullish’ (59/100) from ‘neutral’ (50/100) a week ago, while message volumes returned to the normal zone from low. 

Shares of Wolfspeed, Inc. (<a class="mention" data-mention="$WOLF" data-symbol-id="WOLF" href="https://stocktwits.com/symbol/WOLF" target="_blank">$WOLF</a>), a leading manufacturer of chips primarily used in electric vehicles (EVs), surged over 25% on Tuesday after the company announced major funding news.Wolfspeed is set to receive $750 million in U.S. government grants and an additional $750 million in financing led by Apollo Global Management to support its expansion efforts.“Together these investments support Wolfspeed’s long-term growth plans and bolster domestic production of silicon carbide to power clean energy systems underpinning electric vehicles (EVs), artificial intelligence (AI) data centers, battery storage and more,” the company said in a statement.<figure class="image"><a href="https://stocktwits.com/symbol/WOLF"><img style="aspect-ratio:1314/320;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_10_15_at_10_01_04_AM_68633fb576.png" alt="Screenshot 2024-10-15 at 10.01.04 AM.png" width="1314" height="320"></a><figcaption>WOLF sentiment and message volume Oct 15, as of 10:15 am ET | source: Stocktwits</figcaption></figure>WOLF quickly became the top-trending ticker on Stocktwits, with retail sentiment turning ‘extremely bullish’ as of 10 a.m. ET.<stembedurl>https://stocktwits.com/WALLSTMATADOR/message/588936538</stembedurl><stembedurl>https://stocktwits.com/Fullmoonblack/message/588944757</stembedurl>The company, which describes itself as “the world’s largest producer of silicon carbide technology,” counts major automakers like General Motors and Mercedes-Benz among its customers.“As a key player in the semiconductor industry, this proposed investment will enable us to solidify our leadership position with a first-of-its-kind 200mm silicon carbide manufacturing footprint in upstate New York and central North Carolina, while contributing to the resilience and competitiveness of the U.S. supply chain,” Wolfspeed CEO Gregg Lowe said.Wolfspeed has reportedly faced production challenges, especially at its chip plant in Mohawk Valley, New York, forcing it to rely on an older, more expensive facility.The company hasn’t posted an annual profit in over a decade, with its last quarter of positive net income in 2018, according to <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2024-10-15/wolfspeed-wins-1-5-billion-in-financing-from-chips-act-apollo">Bloomberg</a>.The U.S. government’s $750 million grant stems from the 2022 CHIPS and Science Act, and will help cover part of Wolfspeed’s $6 billion-plus planned factory investments in North Carolina and New York.Additionally, Wolfspeed expects to receive around $1 billion in Section 48D cash tax refunds from the IRS over the coming years.WOLF stock remains down more than 60% year-to-date.Read next: <a href="https://stocktwits.com/news-articles/markets/equity/wba-stock-rises-on-store-closure-plans/cJcwxPZR4n">WBA Stock Climbs On Plan To Close Thousands of Stores: Retail Is Betting On A Comeback</a>

Wolfspeed Grabs Retail Spotlight As Stock Rockets 25% On $1.5B Financing From US, Private Investors

The U.S. government’s $750 million grant stems from the 2022 CHIPS and Science Act, and will help cover part of Wolfspeed’s $6 billion-plus planned factory investments

Current Price	$118.61
Prev Close	$118.70
Open	$117.02
Dividend Yield	N/A
50-Day Moving Average	$121.40
Beta	N/A
Avg. Volume	210,665.38
PE Ratio	N/A

52-Week High	$127.85
52-Week Low	$82.10
Market Capitalization	N/A
EPS (Annual)	N/A
Price to Book	N/A
Revenue Per Employee	N/A

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