AXT Stock Stumbles After The Close: Here’s Why

AXT Inc (NASDAQ:AXTI) shares are sliding after the market close on Monday after the company announced a public offering of common stock.

• AXT shares are retreating from recent levels. Why is AXTI stock dropping?

AXT Announces Common Stock Offering

AXT said it plans to offer and sell shares of common stock in a public offering. The company also plans to grant the underwriters a 30-day window to buy up to an additional 15% of shares in the offering. Size and terms …

Full story available on Benzinga.com