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Jana Partners liquidated position in Wolfspeed in Q1, filing

NEW YORK (Reuters) -Activist investor Jana Partners, which last year pushed Wolfspeed to consider a sale to boost its share price, has exited its entire position in the silicone carbide wafer maker, according to a regulatory filing made on Thursday. Wolfspeed said last week it is considering bankruptcy and has seen its shares lose nearly 92% of their value in the last five years to trade at $3.77 now. Jana's regulatory filing shows it sold nearly 5 million Wolfspeed shares during the first quarter of 2025.

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Stocks Bounce as Bond Yields Sink on Fed-Cut Bets: Markets Wrap

(Bloomberg) -- Wall Street traders sent bond yields lower as stocks bounced after tame inflation data combined with lackluster readings on retail sales and manufacturing bolstered the case for Federal Reserve rate cuts this year.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkPower-Hungry Data Centers Are Warming Homes in the NordicsMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump NYC Commute

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