Technology

• Shares closed at $3.56, down nearly 11% on June 24, with no identifiable material news or announcement.

• Forward Industries fell more than 11% on June 24, touching within cents of its 52-week low of $3.62.

• The company reported record Q1 revenue of $28.5 million, yet shares continued lower.

• AXT fell nearly 10% on June 24, extending selling pressure that began after director insider sales on June 22.

• Shares had risen nearly 195% year-to-date heading into the session.

• The company completed a 1-for-20 reverse stock split in May as part of a broader restructuring.

• The stock had surged nearly 467% year-to-date on digital asset infrastructure momentum before the pullback.