NAVN is trading at $26.10 (4.2% down) in pre-market, giving back part of its sharp gains driven by strong Q1 results and a landmark industry partnership.
- The stock recently surged following multiple analyst price target hikes and the announcement of an industry-first Hilton API partnership.
- Today’s move appears to be driven by profit-taking amid a broadly weaker market rather than any new negative company-specific catalyst.