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Here's Why Shares in Navitas Soared in September

TheMotleyFool

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Here's Why Shares in Navitas Soared in September: https://g.foolcdn.com/editorial/images/836090/investing-in-great-stocks.jpg

Shares in Navitas Semiconductor Corporation (NASDAQ: NVTS) soared by 23.2% in September, according to data provided by S&P Global Market Intelligence. The move marks another leg up for a stock that's now up almost 126% for the year at the time of writing. Here's why.

Image source: Getty Images.

As fellow writer Keith Noonan notes, Navitas' stock has actually declined significantly since its IPO in 2021. Additionally, Navitas is a company that has never generated any operating income in any of its financial years.

Source Fool.com