🟢 Wolfspeed, Inc. is trading 5% up today after bouncing from a two-day slide tied to share resale plans

Wolfspeed, Inc. is trading 5% up at $45.59 after bouncing from a steep two-day slide tied to a large potential share resale overhang.

• The stock fell roughly 11% on June 9 and another 11% on June 10 after investors registered more than 24 million shares for potential resale.
• The registration raised significant concerns regarding share dilution and increased market supply, though today's move marks a partial recovery aided by a firmer broader market backdrop.