🟢 Navitas Semiconductor Corp is trading 4.4% up today as shares rebound from a dilution-driven selloff

Navitas Semiconductor Corp is trading at $26.19 (+4.4%) in pre-market, staging a modest recovery after a sharp selloff in the previous session.

• The stock fell 18.23% on June 5, following a multi-day rally and concerns regarding an equity offering of 3,283,844 new shares announced on June 4.
• The prior drop was driven by dilution fears and profit-taking, which pressured sentiment following the share issuance.
• Today's upward movement appears to be a technical bounce as traders reassess the recent pullback in the absence of fresh company news.