Navan stock slides nearly 11% as law-firm probes mount; what investors watch next
Navan shares fell nearly 11% to $15.38 Wednesday afternoon, underperforming other travel stocks after new “investigation” notices from two plaintiff law firms tied to its post-IPO slump. The company’s stock remains well below its $25 October IPO price. Investors await Navan’s next update after its fiscal year ends Jan. 31.