AXT Inc (AXTI) stock slips in premarket after 22% leap as insider sale notices hit SEC tape
AXT shares fell 6.5% to $43.33 in premarket trading Tuesday after a 22% surge Monday. SEC filings showed CEO Morris Young, CFO Gary Fischer, and director Jesse Chen filed to sell a combined 753,801 shares worth about $30.2 million. The moves follow a sector rally sparked by Nvidia’s $2 billion investments in Lumentum and Coherent. Traders are watching for insider sales and the next earnings report on April 23.