Applied Digital (APLD) stock slips on insider sale filings even as co-founder is named president
Applied Digital shares fell 2.1% to $35.33 Thursday after director Douglas S. Miller sold 10,000 shares and another director filed to sell stock. Co-founder Jason Zhang was named president as the company pushes forward with large AI infrastructure leases. Investors are watching for updates on the planned ChronoScale cloud business spinoff.