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Insider Trends: AXT Insider Extends 90-Day Selling Trend

05/07/2021 13:30

05:30 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Dr Morris S Young, Director and CEO, reported a sale of 39,550 shares in AXT (AXTI) for $382,468. Dr Young, following the transactions outlined in the Form 4 SEC filing, owns 1,690,589 company shares, with a market value, based on the prior-day closing price, of $16.1 million.

In the 90 days prior to the date of this filing, there have been 8 insider transactions reported to the SEC for AXT. These transactions came from the activities of 3 separate insiders that resulted in a net disposition of 40,000 company shares. This compares with the preceding 90-day window of time where there were 10 transactions from 2 insiders which resulted in the net disposition of 143,000 shares.

This is lower than the average level of insider transactions in the 82-company Semiconductors peer group over the last 90-day period. Activity in the peer group averaged 180.8 transactions per company, and disposition of 9,412 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1051627/000117911021005026/xslF345X03/edgar.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.