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 Corporation’s stock has surged due to a strong Q1 earnings report that exceeded revenue expectations and a significant lease agreement with CoreWeave, ensuring long-term revenue. Analysts have responded by raising price targets, citing the company’s strategic partnerships and successful funding milestones. However, insider selling hints at mixed sentiment among corporate insiders.
More about Applied Digital Corporation
YTD Price Performance: 275.51%
Average Trading Volume: 30,787,163
Technical Sentiment Signal: Buy
Current Market Cap: $7.31B
For further insights into APLD stock on TipRanks’ Stock Analysis page.
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