Applied Digital Corporation (APLD) Soars 65.7%: Is Further Upside Left in the Stock?
APLDApplied Digital (APLD) ZACKS·2024-09-06 23:01

Applied Digital Corporation (APLD) shares rallied 65.7% in the last trading session to close at 5.37.Thismovecanbeattributabletonotablevolumewithahighernumberofsharesbeingtradedthaninatypicalsession.Thiscomparestothestock′s16.95.37. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 16.9% loss over the past four weeks.The upswing in share price can be attributed to the 160 million funding announced by APLD on Thursday. The funding came from a group of institutional and accredited investors, including NVIDIA.This company is expected to pos ...