🔴 Navitas Semiconductor Corp is trading 12.7% down today on dilution concerns and profit-taking

Navitas Semiconductor Corp is trading 12.7% down at $26.77 following a sharp post-rally pullback and dilution concerns from a recent equity offering.

• The company issued 3,283,844 new shares on June 4, pressuring sentiment as traders lock in gains following a recent 20% single-session surge.
• The decline is being amplified by broader weakness across the technology and semiconductor sectors, accelerating the sell-off in the name.