Applied Digital Shares Plummet, Despite Yearly Gains
Update: 2025-11-14
Description
Applied Digitals stock plummeted by 10.1% in early trading on November 14th following plans to raise funds by issuing new shares, a move that often dilutes existing shares value. Despite this, the companys shares have surged by 202% since January, and a $1,000 investment five years ago would now be worth $344,888. However, the stock is currently 37.5% below its 52-week high, indicating a pullback from its peak performance.
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