In a filing, Applied Digital Corporation revealed its CEO; Chairman Cummins Wes unloaded Company’s shares for reported $1.84 million on Nov 27 ’24. In the deal valued at $9.20 per share,200,000 shares were sold. As a result of this transaction, Cummins Wes now holds 3,875,955 shares worth roughly $37.56 million.
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Then, Nottenburg Richard N sold 50,000 shares, generating $460,000 in total proceeds. Upon selling the shares at $9.20, the Director now owns 334,317 shares.
Before that, Nottenburg Richard N sold 19,369 shares. Applied Digital Corporation shares valued at $145,368 were divested by the Director at a price of $7.51 per share. As a result of the transaction, Nottenburg Richard N now holds 384,317 shares, worth roughly $3.72 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 -3.20% to $9.69. Over the last five days, the stock has gained 8.39%. Applied Digital Corporation shares have risen nearly 43.77% since the year began. Nevertheless, the stocks have risen 48.85% over the past one year. While a 52-week high of $11.25 was reached on 12/06/24, a 52-week low of $2.36 was recorded on 04/18/24. SMA at 50 days reached $8.37, while 200 days put it at $5.59.
Levels Of Support And Resistance For APLD Stock
The 24-hour chart illustrates a support level at 9.44, which if violated will result in even more drops to 9.19. On the upside, there is a resistance level at 10.05. A further resistance level may holdings at 10.41. The Relative Strength Index (RSI) on the 14-day chart is 55.24, 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 low at 58.21%. Stochastics %K at 35.95% 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 2024-11-29, growing by 15.8 million shares to a total of 42.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 27.02 million shares. There was a rise of 36.89%, 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.
