Need some help on a stock
I have been watching Wolfspeed (wolf). They make Gallium and sicarbide tech for elec vehicles and RF applications.
Technically it looks like it maybe like it maybe breaking down. One think that concerns me about the stock is how much institutional investment there is. Schwab is showing 110% institutional investment, which I don't know how you have unless they have options on some shares to be issued soon?
Other sources show 99% institutional holding. Typically I like institutional holding but I can't see institutions buying more at that level, I would think they would start selling.
anybody have any thoughts on this stock and the institutional ownership?
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