Director Thomas H. Werner buys 37,500 WOLF shares at $6.53; holdings rise to 108,549; company unprofitable, stock down 86.2% from 52-week high
Director Werner purchased 37,500 shares at $6.53 on 2024-11-20, increasing his stake by 52.8% to 108,549 shares. The purchase occurred at a significant nadir: Wolfspeed is down 86.2% from its 52-week high and down 58.2% over the past 30 days, while the company reported a negative net income of $-282.2M against $194.7M revenue and faces an annual revenue decline of 12.4%. Werner's prior buy at this ticker on 2023-10-24 posted a positive 90-day return of 8.2%, establishing a track record of well-timed entry at Wolfspeed. A cluster pattern is present: 3 other insiders also purchased within the past 14 days, suggesting coordinated confidence at depressed valuations despite current operational challenges.