Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Applied Digital Corporation shares valued at $46,150 were purchased by REED KATE on Feb 14 ’25. At $9.23 per share, REED KATE acquired 5,000 shares.
Also, Nottenburg Richard N sold 20,000 shares, netting a total of over 177,000 in proceeds. Following the sale of shares at $8.85 each, the insider now holds 342,923 shares.
Before that, Nottenburg Richard N had added 20,000 shares to its account. In a trade valued at $177,000, the Director bought Applied Digital Corporation shares for $8.85 each.
As published in their initiating research note from Compass Point on January 28, 2025, Applied Digital Corporation [APLD] has been a Buy and the price target has been revised to $10. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid December. As of October 03, 2023, ROTH MKM has initiated its “Buy” rating for APLD. Earlier on December 22, 2022, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for APLD stock.
Analyzing APLD Stock Performance
During the last five days, there has been a drop of approximately -16.32%. Over the course of the year, Applied Digital Corporation shares have dropped approximately -20.16%. Shares of the company reached a 52-week high of $12.48 on 02/21/25 and a 52-week low of $5.97 on 03/10/25. A 50-day SMA is recorded $7.81, while a 200-day SMA reached $7.02.
Support And Resistance Levels for Applied Digital Corporation (APLD)
According to the 24-hour chart, there is a support level at 5.96, which, if violated, would cause prices to drop to 5.82. In the upper region, resistance lies at 6.34. The next price resistance is at 6.59. RSI (Relative Strength Index) is 40.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 93.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
