10:04 AM EDT, 03/28/2025 (MT Newswires) -- Wolfspeed ( WOLF ) shares dropped past 45% in recent Friday trading following the resumption of trading that was paused due to volatility.

On Thursday, the company announced the appointment of Robert Feurle as chief executive officer, effective May 1. Feurle succeeds Thomas Werner, who is serving as interim executive chairman and will return as board chairman after the transition, the company said.

Price: 2.94, Change: -2.45, Percent Change: -45.45