I was thinking the same thing. I see no reason (fundamentals) for this but the ocean's choppy right now so I should not be surprised by this behavior. I was just curious to see if something was going on that I hadn't heard. I'm long at $12.90. If it goes much lower I may have to do some bargain shopping.
For what it's worth, I'm going to say the drop is due (in part) to the market dropping so much. INVN seems to follow the market REAL well. I'm sure there are other reasons but since INVN is a very solid company, I wouldn't worry much. Also, I think that the wait to see what congress does with the upcoming budget deadline might come into play. Until that gets resolved ALL stocks are going to be shaky. Makes for some good daytrading at this point. Hope this helps
...look at the market. Any stock that was benefiting from the markets rally the past couple months got hit hard. It has nothing to do with the company but as an investor you have to welcome these opportunities to buy cheap. long at 13.20. When the market snaps back this will snap back with it. Look for 14 within the next week (and that is conservative)