Cree Stock Falls On Unusually High Volume

NEW YORK (TheStreet) -- Cree (Nasdaq:CREE) is trading at unusually high volume Wednesday with 4.9 million shares changing hands. It is currently at two times its average daily volume and trading down $2.93 (-5.6%) at $49.20 as of 4 p.m. ET.

Cree has a market cap of $6.23 billion and is part of the technology sector and electronics industry. Shares are up 53.4% year to date as of the close of trading on Tuesday.

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