Hi everyone,
At the circled point on the chart, an insider alert email went out about WOLF.
You can see exactly where the news of this insider trade hit the market, just look at the difference in trading volume before 11/22 and after.
Here is the timestamped email:
We can see that 4 insiders bought a total 750k dollars – an investment now worth over 1.1 million dollars in just 2 days! 50% gain, all stock.
WOLF is a semiconductor manufacturer in a hot market right now – so it’s possible the board is either trying to pump the stock or sees long term value in it with the recent leadership change.
Side note, if you want to be way behind the news, go ahead and subscribe to the motley fool: https://finance.yahoo.com/news/why-wolfspeed-rallied-again-today-194529769.html – Insider Trading Alerts will always be faster than stock “news” sites.
