Applied Digital insiders buy roughly $7M in shares as stock slides more than 30%
Photo: Crypto Briefing
President Jason Zhang and CEO Wes Cummins bought a combined $6.7 million of APLD stock after a steep monthly decline Applied Digital’s stock has spent the past month getting knocked around. Two of its top executives responded by opening their own wallets. On October 16, 2026, President Jason Gechen Zhang and CEO and Chairman Wes Cummins bought approximately $6.7 million of Applied Digital (NASDAQ: APLD) stock combined. The purchases came after shares had fallen more than 30% in a single month. Zhang made the bigger bet by a wide margin.
Also reported by TokenPost.
Source: Crypto Briefing
