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Why Applied Digital Stock Fell More Than 14% Today

TheMotleyFool

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Why Applied Digital Stock Fell More Than 14% Today: https://g.foolcdn.com/editorial/images/738836/concerned-young-person-with-head-in-hands-gazing-at-a-screen.jpg

Is the stock of Applied Digital (NASDAQ: APLD) set for a monster fall?

Two bearish pundits would surely answer an emphatic "yes" to that question. On Thursday, the pair weighed in negatively on the company, and as a result the share price of the data center operator cratered by more than 14%.

The first pundit was Edwin Dorsey, the man behind The Bear Cave newsletter. As its name implies, the Substack platform's feed details what Dorsey believes to be the shareholder value-draining moves of notable companies. On Thursday, he focused his ire on Applied Digital.

Source Fool.com

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