Navitas Semiconductor is trading 4.49% down now at $10.32 after the Federal Reserve raised rates 25 basis points to 3.75%-4.00% and signaled another possible hike by December.
- Higher Treasury yields and stronger retail sales pressured rate-sensitive technology and growth stocks as major indexes turned lower.
- No new company-specific announcement was identified on September 16; Navitas’s latest listed releases were dated September 3 and September 1.