Applied Digital Corporation ( (APLD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Applied Digital Corp shares experienced a significant rise due to increased options trading and higher implied volatility, indicating anticipated price movements. Analysts remain optimistic, maintaining a strong consensus with a notable price target fueled by favorable market conditions and strategic company announcements. However, recent insider sales and the company’s filing to sell additional shares have created a mixed sentiment among investors, who are seeking downside protection.
More about Applied Digital Corporation
YTD Price Performance: 311.67%
Average Trading Volume: 30,993,163
Technical Sentiment Signal: Buy
Current Market Cap: $8.7B
For further insights into APLD stock on TipRanks’ Stock Analysis page.
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