🟢 AXT Inc. up 6.46% as investors weigh recent heavy insider selling

AXT Inc. is trading at $90.80 (+6.46%) in pre-market, rebounding after a sharp decline apparently triggered by significant insider stock sales.

• The stock plunged after news that CEO Morris Young sold more than $22 million in stock around June 5.
• Additionally, Director Jesse Chen sold 9,000 shares on June 10, part of a series of recent sales.
• The current rise appears to be driven by bargain hunting after the steep sell-off prompted by these executive stock sales.