The analyst is selling part of AXTI shares to gain exposure to Sumitomo, indicating a reduction in AXTI position.
Sumitomo seems a better actor, prompting the sale of part of AXTI to gain exposure to it.
@MoodyWriter13 I’m selling part of AXTI to get exposure to Sumitomo, it seems a better actor though it is a Japanese conglomerate
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -2.5% | -3.9% |
| 1 week | +14.3% | +12.3% |
| 1 month | -1.5% | -6.1% |
| 3 months | — | — |
| 6 months | — | — |