Wes Cummins Sells Shares of Applied Digital Corporation $APLD
Key Points
- Wes Cummins sold 314,800 shares of Applied Digital Corporation ($APLD) worth $14.23 million.
- $APLD last traded around $41.98.
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Wes Cummins, CEO; Chairman at Applied Digital Corporation ($APLD), sold 314,800 shares at an average price of $45.20, for a total transaction of $14.23 million. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Applied Digital Corporation Stock Up 65.7%
Shares of Applied Digital Corporation ($APLD) traded around $41.98 on Thursday, up 65.7% for the day.
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About Applied Digital Corporation
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting, and HPC Hosting Business. The company provides energized infrastructure services to crypto mining customers; and cloud services to customers, such as AI and machine learning developers. It also engages in the designing, constructing, and operating of data centers to provide computing power and support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.
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