The CEO of AXT is Exercising Options

Yesterday it was reported that the CEO of AXT (AXTIResearch Report), Morris Young, exercised options to buy 90,000 AXTI shares at $2.36 a share, for a total transaction value of $212.4K.

Following this transaction Morris Young’s holding in the company was increased by 5.86% to a total of $7.04 million.

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The company has a one-year high of $6.14 and a one-year low of $2.72. Currently, AXT has an average volume of 223.17K.

Morris Young’s trades have generated a 36.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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AXT, Inc. engages in the design, development, manufacture, and distribution of compound and single element semiconductor substrates. It also sells specialty material substrates and raw materials used to make substrates and other related products. The company was founded by Morris S. Young and Davis Zhang in December 1986 and is headquartered in Fremont, CA.