Applied Digital (NASDAQ:APLD) Trading Down 7.9% - What's Next?

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Applied Digital (NASDAQ: APLD) shares experienced a 7.9% drop in mid-day trading, closing at $29.04 with a volume below its daily average. Despite this, analyst sentiment remains largely positive, with a consensus “Buy” rating and an average price target of $37.00. While insiders have recently sold shares, institutional ownership has increased significantly, indicating mixed signals from different investor groups.

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