Global Stock News

NVTS steadies in premarket after 20% leap on outlook, CFO exit

NVTS steadies in premarket after 20% leap on outlook, CFO exit

New York, February 26, 2026, 07:47 ET — Premarket

  • NVTS jumped 19.6% on Wednesday’s close, holding steady in early Thursday premarket action.
  • Navitas projected first-quarter revenue between $8.0 million and $8.5 million, noting that high-power markets now make up most of its quarterly sales.
  • The company said its CFO is leaving. CEO Chris Allexandre is set to speak March 3 at a Morgan Stanley conference.

Navitas Semiconductor Corp held steady in Thursday’s premarket, following a sharp 19.6% jump the previous day as traders responded to management’s message on sequential revenue gains. At 7:43 a.m. ET, shares were indicated at $9.88, matching Wednesday’s close. (Investing.com)

This shift is…

Source link

Share this article

Scroll to Top