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Why Navitas Semiconductor Stock Plummeted Last Week
The Motley Foolยท 2025-08-04 11:29
China-related news spurred some big swings for Navitas Semiconductor stock. Navitas Semiconductor (NVTS 8.60%) stock saw big sell-offs in conjunction with news on the trade front last week. The company's share price fell 9.2% from where it stood at the previous week's market close. Meanwhile, the S&P 500 was down 2.4%, and the Nasdaq Composite slipped 2.2%. Navitas' valuation got hit with a steep pullback early in the week due to fresh developments in the trade war between the U.S. and China. On the other h ...