Why Did Navitas Semiconductor Explode Higher Today?
A funny thing happened to Navitas Semiconductor (NASDAQ: NVTS) stock this morning: Shares of the power management semiconductor specialist exploded 28.5% higher through 9:50 a.m. ET after announcing its earnings report date: Aug. 4.
Read that again. Navitas stock jumped after saying that it would report earnings on Aug. 4, not what it would report. Yet despite not knowing whether next month's earnings news will be good or bad, investors are buying the stock hand over fist.
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Source Fool.com
