Aehr Test Systems (AEHR) shares fell more than 13% on May 18, 2026.

A Wall Street Zen analyst downgraded the company to a strong sell rating.

SEC filings show that insiders sold approximately $41.8 million worth of shares over the last three months.

No insider purchases were reported during this period.

A broader market pullback and a correction after a significant one-year rally further pressured the stock.