In a filing, Navitas Semiconductor Corp revealed its Director Gary K. Wunderlich, Jr. acquired Company’s shares for reported $0.32 million on Jun 09 ’25. In the deal valued at $6.37 per share,50,000 shares were bought.
Then, SICPOWER, LLC bought 2,339,042 shares, generating $17,383,402 in total proceeds.
Before that, Wunderlich Gary Kent JR bought 2,610 shares. Navitas Semiconductor Corp shares valued at $19,210 were divested by the Director at a price of $7.36 per share.
Morgan Stanley downgraded its Navitas Semiconductor Corp [NVTS] rating to an Underweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. Northland Capital began covering NVTS with “Market perform” recommendation on January 16, 2024. Morgan Stanley started covering the stock on August 29, 2023. It rated NVTS as “an Equal-weight”.
Price Performance Review of NVTS
On Monday, Navitas Semiconductor Corp [NASDAQ:NVTS] saw its stock jump 18.12% to $7.30. Over the last five days, the stock has gained 32.25%. Navitas Semiconductor Corp shares have risen nearly 104.48% since the year began. Nevertheless, the stocks have risen 59.74% over the past one year. SMA at 50 days reached $2.86, while 200 days put it at $2.81.
Levels Of Support And Resistance For NVTS Stock
The Relative Strength Index (RSI) on the 14-day chart is 72.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.59%. Stochastics %K at 80.12% indicates the stock is a selling.
The most recent change occurred on February 24, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.
