New Delhi, Sept. 30 -- Shares of semiconductor company Wolfspeed Inc. (NYSE: WOLF) have witnessed an explosive rally in the last few days, with the stock price surging from $1.21 at the close on 26 September, to $22.10 by 29 September. On the surface, it looks like, if someone had invested $1,000 in Wolfspeed stock a few days back, it would have grown to about $18,263 by 29 September - a gain of over 1,800% in just 3 days. But that's not what really happened.

Due to the mechanics of the share cancellation and issuance of new stock, the headline percentage gains may not reflect actual investor profits.

The dramatic surge in the shares of Wolfspeed Inc. is due to a major corporate restructuring. On 29 September, Wolfspeed cancelled all ex...