No new catalyst: WOLF is now down about 14.7%, deeper than the pre-market declines earlier today. The stock continued to fall with a sharp tech-led risk-off selloff as the Nasdaq dropped and volatility jumped, while semiconductor peers ON, STM, and NVTS also declined. Fed policymaker Alberto Musalem's call for another rate increase soon added pressure to rate-sensitive technology valuations. source
No new catalyst: WOLF is now down about 14.7%, deeper than the pre-market declines earlier today. The stock continued to fall with a sharp tech-led risk-off selloff as the Nasdaq dropped and volatility jumped, while semiconductor peers ON, STM, and NVTS also declined. Fed policymaker Alberto Musalem's call for another rate increase soon added pressure to rate-sensitive technology valuations. source