Navitas (NVTS) Drops 17.38% as Investors Take Profits After 126% Surge in April
Navitas (NASDAQ:NVTS) fell 17.38% to $15.12 on Tuesday after a 126% surge in April, as investors took profits. The company is expected to report Q1 results on May 5, 2026, with revenue projected to decline by 39-43% year-over-year. Despite the drop, investor confidence remains high due to strong semiconductor demand.
Topics: market volatility Navitas Semiconductor profit-taking stock price movement