Navitas Semiconductor stock price: NVTS steadies in premarket after 20% leap on outlook, CFO exit
Navitas Semiconductor shares were flat in premarket trading Thursday after jumping 19.6% Wednesday, closing at $9.88. The company forecast first-quarter revenue of $8.0 million to $8.5 million, up from $7.3 million in Q4, and said high-power markets now make up most of its revenue. Navitas disclosed CFO Todd Glickman will depart and CEO Chris Allexandre will speak at a Morgan Stanley conference March 3.