Aehr Test Systems (AEHR) experienced a significant drop in its stock price on Friday, plummeting 6.62% during the trading session. The sharp decline comes in the wake of news that a company director has sold a portion of their common shares.

According to a regulatory filing, Fariba Danesh, a Director at Aehr Test Systems, reported a disposal of common shares of the company. While the exact details of the sale were not immediately available, such insider transactions often draw investor attention and can influence market sentiment.

The timing of the director's share sale coinciding with the stock's steep decline suggests that investors may be interpreting this move as a lack of confidence in the company's near-term prospects. However, it's important to note that insider sales can occur for various reasons, including personal financial planning, and do not always reflect the company's overall health or future performance. As of now, Aehr Test Systems has not released any official statement regarding the stock movement or the director's share sale.