🔴 Navitas Semiconductor Corp is trading 4.7% down today after heavy insider selling pressure

Navitas Semiconductor Corp is trading 4.7% down at $25.35 following a sharp decline triggered by significant insider share sales.

• Regulatory filings revealed a director-led sale of over 3.7 million shares between May 27 and May 28, which initially drove the stock down 6.7% on May 29.
• The selling pressure continues to weigh on investor sentiment in pre-market trading, while broader index futures remain modestly positive, indicating the move is stock-specific.