Applied Digital (APLD) stock jumps 6% as CEO sale filing and new president move hit tape — what to watch next
Applied Digital shares rose 6.1% Friday to $37.40 after the company named co-founder Jason Zhang as president, effective Jan. 14, with a $700,000 base salary. CEO Wes Cummins sold 165,000 shares for about $6 million, according to SEC filings. Director Richard Nottenburg also reported insider sales. U.S. markets will be closed Monday for Martin Luther King Jr. Day.