Vishay Intertechnology Inc is trading 10% down at $57.30 as investors lock in profits following a multi-day rally linked to the company's recent expansion into the electric vehicle market.
- The pullback follows a surge to fresh highs after the June 3 launch of a new 200 A EV-focused power module, which had previously fueled significant investor enthusiasm.
- The stock is facing additional pressure from a broader selloff in growth and semiconductor sectors, triggered by stronger-than-expected U.S. labor data and rising interest rate expectations.