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LED lighting maker Cree (CREE) hit the dimmer switch on its outlook, and its stock took a dive on Thursday. Cree stock was down nearly 11%, near 27, in early afternoon trading in the stock market today and touched a more than 2.5-year low. Late Wednesday, Cree announced a plan to restructure its LED business and issued revenue guidance for its June quarter that was well below Wall Street’s targets. “Due to recent LED market trends that have Scalper1 News
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