Applied Digital Corporation’s recently made public that its Director MOORE VIRGINIA unloaded Company’s shares for reported $0.14 million on Feb 20 ’24. In the deal valued at $4.74 per share,30,000 shares were sold. As a result of this transaction, MOORE VIRGINIA now holds 148,630 shares worth roughly $0.37 million.
Then, MOORE VIRGINIA sold 15,000 shares, generating $73,050 in total proceeds. Upon selling the shares at $4.87, the Director now owns 178,630 shares.
Before that, MOORE VIRGINIA sold 45,000 shares. Applied Digital Corporation shares valued at $212,400 were divested by the Director at a price of $4.72 per share. As a result of the transaction, MOORE VIRGINIA now holds 193,630 shares, worth roughly $0.49 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. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating. DA Davidson began covering APLD with “Buy” recommendation on May 24, 2022. Craig Hallum started covering the stock on May 23, 2022. It rated APLD as “a Buy”.
Price Performance Review of APLD
On Monday, Applied Digital Corporation [NASDAQ:APLD] saw its stock fall -7.20% to $2.52. Over the last five days, the stock has lost -19.52%. Applied Digital Corporation shares have fallen nearly -62.69% since the year began. Nevertheless, the stocks have fallen -28.95% over the past one year. While a 52-week high of $11.62 was reached on 01/11/24, a 52-week low of $2.65 was recorded on 04/15/24. SMA at 50 days reached $4.17, while 200 days put it at $5.70. A total of 4.93 million shares were traded, compared to the trading of 11.13 million shares in the previous session.
Levels Of Support And Resistance For APLD Stock
The 24-hour chart illustrates a support level at 2.43, which if violated will result in even more drops to 2.35. On the upside, there is a resistance level at 2.66. A further resistance level may holdings at 2.81. The Relative Strength Index (RSI) on the 14-day chart is 28.24, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.78%. Stochastics %K at 7.86% indicates the stock is a buying.
The most recent change occurred on May 09, 2022 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $7.50 price target.
