Applied Blockchain, Inc. (OTCMKTS:APLD – Get Rating) CEO Wes Cummins purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of $2.08 per share, with a total value of $104,000.00. Following the completion of the acquisition, the chief executive officer now owns 820,686 shares in the company, valued at approximately $1,707,026.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Applied Blockchain Price Performance
Applied Blockchain stock opened at $2.24 on Friday. The firm has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $5.74. Applied Blockchain, Inc. has a 52-week low of $0.85 and a 52-week high of $34.20.
Institutional Trading of Applied Blockchain
A number of institutional investors have recently made changes to their positions in APLD. Advisory Services Network LLC acquired a new stake in shares of Applied Blockchain in the 2nd quarter worth approximately $26,000. Renaissance Technologies LLC bought a new stake in shares of Applied Blockchain in the 2nd quarter worth approximately $30,000. KCL Capital L.P. bought a new stake in shares of Applied Blockchain in the 2nd quarter worth approximately $42,000. Northern Trust Corp bought a new stake in shares of Applied Blockchain in the 2nd quarter worth approximately $47,000. Finally, B. Riley Financial Inc. bought a new stake in shares of Applied Blockchain in the 2nd quarter worth approximately $64,000. 42.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
About Applied Blockchain
Applied Blockchain, Inc engages in crypto mining and co-hosting operations. The company was formerly known as Applied Science Products, Inc and changed its name to Applied Blockchain, Inc in April 2021. The company is based in Dallas, Texas.
- Get a free copy of the StockNews.com research report on Applied Blockchain (APLD)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Receive News & Ratings for Applied Blockchain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Blockchain and related companies with MarketBeat.com's FREE daily email newsletter.