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EdgarHawk

Dorchak Glenda

Director

Director
1 filing analyzed · 1 company · Latest 2024-11-25

Companies

Company Buys Sells Direction
WOLFSPEED, INC. WOLF 1 0 Net buying

Activity

November 2024
2024-11-25 WOLFSPEED, INC. WOLF
high
Buy
3,592 shares
$29,921
Significance 6/10

WOLF Director Dorchak bought 3,592 shares at $8.33; 4 other insiders bought in past 14 days amid -78.8% YTD decline and $-282.2M loss

Dorchak Glenda, a director, purchased 3,592 shares at $8.33 on 2024-11-22 as part of a cluster pattern with 4 other insiders buying within the past 14 days. This coordinated buying activity occurs as WOLF trades at -78.8% from its 52-week high of $46.84 and has declined -33.1% over the past 30 days. The company is unprofitable, reporting $-282.2M in net income against $194.7M quarterly revenue, with full-year revenue declining -12.4% year-over-year and a market cap of $1.3B. The convergence of near-simultaneous insider purchases during a period of severe price deterioration and persistent losses may indicate insiders view current valuations as compelling, or alternatively may reflect scheduled trading activity unrelated to conviction about near-term prospects. Investors should assess whether this cluster buy represents genuine repositioning or coincidental timing.

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