Navan Surges 30% While Software Stocks Sink

Navan, the corporate travel and expense platform formerly known as TripActions, hit a 52-week high of $24.50 after reporting Q1 FY2027 results. The stock rose from a low of $8.11 while the iShares software ETF dropped over 15% year-to-date. Navan raised full-year guidance to $907M-$913M, projecting 30% growth.