Applied Digital Corporation ( (APLD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Applied Digital Corp’s stock price surged due to a bullish options flow, with calls leading puts. The company’s implied volatility is above the median, indicating expected price movements. Additionally, strategic developments, such as discussions with an investment-grade hyperscaler, may have contributed to the recent stock price increase.
More about Applied Digital Corporation
YTD Price Performance: 162.56%
Average Trading Volume: 31,435,077
Technical Sentiment Signal: Buy
Current Market Cap: $5.36B
For further insights into APLD stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.