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Stock impact report

Why Navitas Stock Plummeted Today [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
The chip specialist's share price closed out the stretch down 22.7% from the previous week's close, according to data from S&P Global Market Intelligence Navitas got hit with a big valuation contraction week amid multiple bearish catalysts. The stock sank after the company published its fourth-quarter earnings, and investors broadly sold out of growth-dependent tech stocks following new macroeconomic risks and concerns raised following Nvidia 's Q4 report. Navitas' share price shrank following the company's Q4 results Navitas published its fourth-quarter results after the market closed on Monday, posting performance that came in below the market's expectations. The business posted a loss per share of $0.21 on sales of $17.98 million for Read more
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