10 Firms Stealing Market Spotlight Amid Bloodbath

6. Navan Inc. (NASDAQ:NAVN)

Navan recovered by 9.63 percent on Tuesday to close at $18.89 apiece as investors hunted for bargains after hitting its lowest price during the intra-day trade.

During the session, Navan Inc. (NASDAQ:NAVN) fell to its lowest price of $16.01 before traders turned buyers to push its share prices higher at the close.

However, Tuesday’s closing price was markedly lower by 24 percent than its initial public offering price of $25 apiece.

Navan Inc. (NASDAQ:NAVN) debuted on the stock market last Thursday, successfully selling as much as $923 million from the issuance of more than 36.9 million shares at a price of $25 apiece.

Of the total, 30 million shares were sold by Navan Inc. (NASDAQ:NAVN), raising $750 million in fresh funds, while the remaining $123 million, covering 6.9 million shares, were sold by existing shareholders.

Navan Inc. (NASDAQ:NAVN) is an all-in-one business travel, payments, and expense management platform, offering users a streamlined experience for booking flights and hotels.