Applied Digital Corporation’s filing revealed that its Director Nottenburg Richard N unloaded Company’s shares for reported $0.15 million on Nov 07 ’24. In the deal valued at $7.51 per share,19,369 shares were sold. As a result of this transaction, Nottenburg Richard N now holds 384,317 shares worth roughly $3.74 million.
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Then, RICHARD N NOTTENBURG bought 19,369 shares, generating $145,368 in total proceeds.
Before that, Nottenburg Richard N sold 30,000 shares. Applied Digital Corporation shares valued at $240,300 were divested by the Director at a price of $8.01 per share. As a result of the transaction, Nottenburg Richard N now holds 403,686 shares, worth roughly $3.93 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 Tuesday, Applied Digital Corporation [NASDAQ:APLD] saw its stock fall -8.80% to $9.74. Over the last five days, the stock has gained 6.33%. Applied Digital Corporation shares have risen nearly 44.51% since the year began. Nevertheless, the stocks have risen 110.82% over the past one year. While a 52-week high of $10.94 was reached on 11/25/24, a 52-week low of $2.36 was recorded on 04/18/24. SMA at 50 days reached $7.74, while 200 days put it at $5.23.
Levels Of Support And Resistance For APLD Stock
The 24-hour chart illustrates a support level at 9.31, which if violated will result in even more drops to 8.87. On the upside, there is a resistance level at 10.43. A further resistance level may holdings at 11.11. The Relative Strength Index (RSI) on the 14-day chart is 61.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.91%. Stochastics %K at 87.88% indicates the stock is a selling.
How much short interest is there in Applied Digital Corporation?
A steep rise in short interest was recorded in Applied Digital Corporation stocks on 2024-11-15, growing by 11.88 million shares to a total of 39.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 27.41 million shares. There was a rise of 30.24%, which implies that there is a positive sentiment for the stock.
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.
