🔴 Wolfspeed, Inc. is trading 5.6% down today after a 24.07 million share resale registration

Wolfspeed, Inc. is trading at $46.03 (-5.64%) after a June 9 SEC filing registered the resale of approximately 24.07 million shares by existing stockholders.

• The share-overhang headline is pressuring sentiment further after the stock fell -11.98% on June 9.
• Broader market weakness is adding to the move, with the Nasdaq Composite down 0.72%.