The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Applied Digital Corporation shares valued at $177,000 were sold by Nottenburg Richard N on Jan 17 ’25. At $8.85 per share, Nottenburg Richard N sold 20,000 shares. The insider’s holdings dropped to 342,923 shares worth approximately $3.31 million following the completion of this transaction.
Also, Nottenburg Richard N purchased 20,000 shares, netting a total of over 177,000 in proceeds.
Before that, Cummins Wes had sold 200,000 shares from its account. In a trade valued at $1,840,000, the CEO; Chairman traded Applied Digital Corporation shares for $9.20 each. Upon closing the transaction, the insider’s holdings decreased to 200,000 shares, worth approximately $37.36 million.
As published in their initiating research note from Cantor Fitzgerald on December 20, 2024, Applied Digital Corporation [APLD] has been an Overweight and the price target has been revised to $15. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of December 22, 2022, H.C. Wainwright has initiated its “Buy” rating for APLD. Earlier on May 24, 2022, DA Davidson initiated its rating. Their recommendation was “a Buy” for APLD stock.
Analyzing APLD Stock Performance
During the last five days, there has been a surge of approximately 12.88%. Over the course of the year, Applied Digital Corporation shares have jumped approximately 26.18%. Shares of the company reached a 52-week high of $10.20 on 01/06/25 and a 52-week low of $7.46 on 01/13/25. A 50-day SMA is recorded $8.81, while a 200-day SMA reached $6.08. Nevertheless, trading volume fell to 22.47 million shares from 22.52 million shares the previous day.
Support And Resistance Levels for Applied Digital Corporation (APLD)
According to the 24-hour chart, there is a support level at 9.24, which, if violated, would cause prices to drop to 8.83. In the upper region, resistance lies at 9.96. The next price resistance is at 10.27. RSI (Relative Strength Index) is 56.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 20.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
