Applied Digital Stock Moves Higher on Spin-Off Buzz
Schaeffers Investment Research·2025-12-30 23:45

Applied Digital Corp (NASDAQ:APLD) announced plans to spin off its cloud business, combining with Ekso Bionics (EKSO) to create "ChronoScale." Shares of Applied Digital have pulled back from their early-morning surge, last seen trading near breakeven at 24.83,whileEKSOisup94.124.83, while EKSO is up 94.1% at 10.60 at last look. APLD has been volatile since falling from its Oct. 16, 20-year high of $40.20, but support at the ascending 120-day moving average is keeping pullbacks in check. Since the start of the year, the equity i ...