Marc Lehman highlights AXTI as a Russel 2000 addition, estimating ~7.3M shares (~$509M) will be purchased on inclusion. He points to a bullish Northland analyst note that raised numbers above consensus and to the CEO's comments about winning additional China Optical deals, framing both as near-term catalysts for the stock.
Marc Lehman is picking AXTI as one of the Russell additions, citing an estimated 7.3 million shares (approximately $509 million) to be bought due to its Russell 2000 inclusion.
Marc Lehman (@markflowchatter)
one of the long list of Russells I'm cherry picking $AXTI -
seeing 7.3M shares or $509M to BUY for their addition to the 2000 addition.
YESTERDAY - Northland had a big (+ve) note out taking #s way above consensus, comments from the CEO winning more China Optical deals
— https://nitter.net/markflowchatter/status/2070508226852860106#m