On June 6, AXT Inc fell 5.11% in after-hours trading, trading at $84.49/share, with trading volume of $14.45 million, continuing its recent pullback from historical highs.

On the news front, the stock had surged over 16% on May 22 after Q1 earnings beat expectations — with revenue growing 38.7% year-over-year and losses narrowing significantly — driven by strong AI optical communication demand. Since breaking through its all-time high, the stock has faced sustained profit-taking selling pressure with a significant cumulative drawdown. Meanwhile, CEO Morris S Young recently exercised options and sold approximately 197,498 shares, while Director Jesse Chen filed a plan to sell approximately 109,526 shares worth around $11.59 million, intensifying market selling pressure. Additionally, the semiconductor equipment sector remained weak, with Applied Materials down 1.17%, Lam Research down 0.92%, and KLA-Tencor down 0.74%, further weighing on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)