WOLF

 1. Profit taking / pullback after a big rally

WOLF has had big recent gains, especially after restructuring and bankruptcy news.

After runs like that, some investors may sell to take profits, causing a pullback. 

2. Dilution or restructuring effects

The company is going through reorganization under Chapter 11.

As part of that, old shares may be canceled and new ones issued, which often dilutes existing shareholders and can cause uncertainty. 

In fact, existing shareholders were slated to receive only a small fraction (~3–5%) of the new company’s value under the restructuring. 

3. Bearish sentiment / high put option activity

There are reports that a large number of put options (bets on the stock falling) were being bought, which signals some traders expect the stock to drop further. 

4. Lack of fresh positive news or fundamentals

Sometimes a drop happens simply because there is no new catalyst to push the stock higher, so momentum reverses. Also, the company has ongoing financial and operational challenges (weak margins, heavy debt) that may concern investors long-term. 

5. Market / sector volatility

The overall market or the semiconductor/tech sector might be volatile today, dragging down even stocks with recent strong performance. (Though this would be a broader factor than WOLF-specific.) See less