MOORE VIRGINIA, Director of Applied Digital Corporation (APLD) sold 15,000 shares of the company

Applied Digital Corporation’s recently made public that its Director MOORE VIRGINIA unloaded Company’s shares for reported $73050.0 on Nov 29. In the deal valued at $4.87 per share,15,000 shares were sold. As a result of this transaction, MOORE VIRGINIA now holds 178,630 shares worth roughly $0.94 million.

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Then, MOORE VIRGINIA sold 45,000 shares, generating $212,400 in total proceeds. Upon selling the shares at $4.72, the Director now owns 193,630 shares.

Before that, MOORE VIRGINIA sold 30,000 shares. Applied Digital Corporation shares valued at $139,200 were divested by the Director at a price of $4.64 per share. As a result of the transaction, MOORE VIRGINIA now holds 238,630 shares, worth roughly $1.26 million.

ROTH MKM initiated its Applied Digital Corporation [APLD] rating to a Buy in a research note published on October 03, 2023; the price target was $14.

Price Performance Review of APLD

On Friday, Applied Digital Corporation [NASDAQ:APLD] saw its stock jump 5.08% to $5.28. Over the last five days, the stock has gained 12.47%. Applied Digital Corporation shares have fallen nearly -21.74% since the year began. Nevertheless, the stocks have risen 54.69% over the past one year. While a 52-week high of $11.62 was reached on 01/11/24, a 52-week low of $1.74 was recorded on 02/05/24. SMA at 50 days reached $6.01, while 200 days put it at $6.31. A total of 3.53 million shares were traded, compared to the trading of 3.16 million shares in the previous session.

Levels Of Support And Resistance For APLD Stock

The 24-hour chart illustrates a support level at 5.10, which if violated will result in even more drops to 4.92. On the upside, there is a resistance level at 5.37. A further resistance level may holdings at 5.47. The Relative Strength Index (RSI) on the 14-day chart is 47.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.75%. Stochastics %K at 59.34% indicates the stock is a holding.

How much short interest is there in Applied Digital Corporation?

A steep rise in short interest was recorded in Applied Digital Corporation stocks on Jan 31, 2024, growing by 3.19 million shares to a total of 19.99 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 16.8 million shares. There was a rise of 15.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.04.

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