Navitas Semiconductor Corp is trading 10.1% down today at $23.92 following a sharp pullback linked to large insider share sales disclosed last week.
- Recent regulatory filings revealed that a company director sold over 3.7 million shares between May 27–28.
- The stock continues to face downward pressure after an initial 6.7% drop on May 29, as investors digest the enlarged float and potential market overhang.