U.S. Stocks Surge | Restructuring Plan Approved by Court, Wolfspeed(WOLF.US) Soars Over 41%

Zhito Finance App learned that on Tuesday, the stock price of Wolfspeed (WOLF.US) soared, with the stock rising more than 41% to $1.73 as of the report. On the news front, Wolfspeed's restructuring plan has been approved by the court. The company expects to emerge from bankruptcy protection in the coming weeks and reduce its debt by around 70%.