Applied Digital stock slides after ChronoScale cloud spinout plan with Ekso; APLD traders eye Jan. 7 earnings
Applied Digital shares fell 2.9% to $24.08 Tuesday after the company announced a non-binding term sheet to combine its cloud unit with Ekso Bionics and form a new company, ChronoScale. The stock traded between $24.03 and $26.33 on heavy volume. Applied Digital’s next earnings report is due Jan. 7.