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AXT Inc. executives sold millions in stock despite quarterly losses, as AI-driven demand boosted shares despite weak profitability.
In early March 2026, AXT Inc. director Jesse Chen sold about 75,700 shares, totaling roughly $3.7 million, in multiple transactions, reducing his stake by 9.17%.
This followed CEO Morris S. Young’s sale of 125,893 shares for approximately $4.6 million.
Despite the company reporting a quarterly loss of $0.05 per share and revenue below expectations, AXT’s stock rose to $48.18, driven by AI and infrastructure momentum, unusual options activity, and high trading volume.
The stock remains under pressure due to negative profitability metrics, and analysts maintain a "Hold" rating with a $22.80 target.
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Los ejecutivos de AXT Inc. vendieron millones en acciones a pesar de pérdidas trimestrales, ya que la demanda impulsada por la IA impulsó las acciones a pesar de la débil rentabilidad.