AXT Inc is trading at $95.83 (+5.56%) as the stock stages a sharp recovery from its June 5 sell-off, driven by speculative interest following new perpetual futures listings.
- The rebound follows a period of high volatility where shares plummeted 15.99% on June 5 before beginning to stabilize with a 1.95% gain on June 8.
- Broader market conditions are providing additional support, with the Nasdaq Composite rising 1.13% as technology shares see renewed buying pressure.