Applied Digital Corporation ( (APLD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Applied Digital Corp’s stock price surged due to higher-than-average options volume, indicating strong investor interest. The market sentiment appears mixed, with a higher number of call options compared to puts, but a skew showing increased demand for downside protection. This has led to increased implied volatility, suggesting expectations of significant price swings.
More about Applied Digital Corporation
YTD Price Performance: 219.74%
Average Trading Volume: 30,731,515
Technical Sentiment Signal: Buy
Current Market Cap: $6.95B
For further insights into APLD stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.