Navan stock slides nearly 11% as law-firm probes mount; what investors watch next
New York, Jan 14, 2026, 3:36 p.m. EST — Regular session. Navan shares dropped almost 11% to $15.38 in late afternoon trading Wednesday, deepening a volatile stretch for the corporate travel-and-expense software company since its Nasdaq debut. Airbnb, Expedia and Booking Holdings also slipped, though their declines were more modest. This move is significant since Navan remains stuck in the market’s “new IPO” penalty box. Its initial public offering was priced at $25 back in late October, but the stock has frequently slipped below that mark as investors gauge how much growth they’re ready to back in a company linked