Shares of Cree Inc. (NASDAQ:CREE) traded at a new 52-week high today of $129.80. Approximately 159,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
Based on a current price of $125.20, Cree Inc. is currently 47.8% above its average consensus analyst price target of $65.34.
Cree Inc. share prices have moved between a 52-week high of $129.80 and a 52-week low of $27.77 and are now trading 351% above that low price at $125.20 per share.
Cree Inc is a United States-based company which is involved in the manufacturing of wide bandgap semiconductor products for power and radio-frequency (RF) applications, lighting-class light-emitting diode (LED) products, and lighting products. It operates in two reportable segments: Wolfspeed and LED products. The Wolfspeed segment’s products consist of silicon carbide and gallium nitride materials, power devices and RF devices based on silicon and wide bandgap semiconductor materials. The LED products segment, which is the key revenue driver, consist of LED chips and LED components. Geographically, the company conducts business in the United States, China, Europe, and other areas.
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