Wenjuan Mattis, Chief Technology Officer of Microvast Holdings, sold 48,346 shares on May 18, 2026, for a total of $63,816.
The shares were sold at $1.32 each. These sales were made to cover tax withholding obligations from restricted stock units and performance stock units, under a sell-to-cover transaction. Post-transaction, Mattis directly owns 932,678 shares.
The stock has fallen nearly 18% over the past week, trading near its 52-week low. Bond.az analysis suggests the stock appears undervalued, with analysts maintaining a strong buy consensus and expecting profitability this year with earnings of $0.06 per share.
Microvast reported weak Q1 2026 results: a loss of $0.04 per share and revenue of $60.6 million. Cantor Fitzgerald cut its price target to $5.00 but kept an Overweight rating.
