Applied Digital Drops 13% in a Single Session to $13.84
As seen on the 24/7 Wall St. homepage on November 5, 2026.
A 13.4% intraday slide to $13.84 wipes better than a tenth off a $4.2 billion data center name, one of the sharpest single-session moves this stock has posted. Whether it holds this level into the close is the thing to watch.
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Applied Digital opened the session at $15.97 and sold off almost immediately, sliding in nearly unbroken steps through the morning before settling near $13.84.
A loss of this size on a stock carrying a roughly $4.2 billion valuation wiped out a substantial chunk of market capitalization in hours, drawing in short sellers assessing whether the pressure continues and buyers weighing whether the selloff has gone too far.
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Sellers kept control through regular trading hours, with little sustained relief from the open near $15.62, pointing to steady distribution instead of a reaction to one discrete headline.
Whether the stock stabilizes here or extends the decline into the close is the key question for the rest of the session, since a stock that opens sharply lower and grinds further down tends to face continued pressure in the days that follow. Keep an eye on the close.
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Mentioned: APLD