Applied Digital Shares Plummet, Despite Yearly Gains

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.