India, July 8 -- Shares of Navitas Semiconductor Corporation (NVTS) are slipping about 9 percent in Wednesday morning trading after the company responded to the patent infringement complaint filed by Wolfspeed in the United States District Court for the District of Delaware.
Shares of the company slipped 8.79 percent to $12.76 on the Nasdaq, compared with the previous closing price of $13.99. The stock has traded in a 52-week range of $5.44 to $34.17.
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