Levi Drops, Webull Slumps, Wolfspeed Jumps
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Levi Strauss (LEVI) posted the slowest growth in its direct-to-consumer channels since late 2022, in part due to a marketing misstep. Revenue generated from Levi's own stores and website grew 2% in the third quarter, with the company raising its full-year earnings outlook. The company expects direct-to-consumer growth for the current quarter to increase by a mid-single digit after changing its marketing to focus on low-rise jeans.
- Webull (BULL) shares fell as much as 24%, the most since April 2025, after CNBC reported that the US House Select Committee on China is set to release a report on Wednesday that Webull is tied structurally to China’s government, raising national security concerns.
- Wolfspeed (WOLF) today announced it has received a conditional loan commitment letter from the U.S. Department of War through its Office of Strategic Capital, for up to $1.5 billion of long-term financing to support the domestic development and production of silicon carbide materials and wide bandgap power devices, with an additional focus on U.S. national security applications. Wolfspeed would be required to issue to the Defense Department VWAP-based warrants to purchase, in the aggregate, up to 7.5% of Wolfspeed’s fully diluted equity, company says. Stock gains 27% in post-market trading
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