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Stock impact report

Navitas (NVTS) Nosedives on Profit-Taking as Firm Gains Over 100% [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
Navitas fell by 17.38 percent on Tuesday to close at $15.12 apiece, as investors resorted to profit-taking after more than doubling its share prices this month. On Monday, the stock climbed to an over four-year high of $19.79, marking a 126-percent surge in just the first 28 days of April, which investors took as an opportunity to book profits on Tuesday. Is Lam Research (LRCX) One of the Best Technology Stocks to Buy for the Next Decade? Photo by Sejio402 on Pexels Navitas Semiconductor Corp. (NASDAQ:NVTS) is scheduled to report its financial and operating highlights for the first quarter of the year after market close on May 5, 2026. A conference call will follow to elaborate on the results. For the period, the company is targeting to report revenues of $8 million to $8.5 million, or a 39 to 43 percent decline from the $14 million registered in the same period last year. Despite the decrease, investors remained confident about the rosy prospects for the company amid the Show less Read more
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