CEO bought 55,803 shares in mid-October
Company: Applied Digital
The claim, verbatim
CEO Wes Cummins bought 55,803 shares in mid-October at about $18.04 per share.
Source (primary)
Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “Cummins bought 55,803 shares in mid-October at about $18.04, according to MarketBeat”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article, citing MarketBeat, reports the CEO's purchase, including the share count, timing and approximate price.
Confirmed in the source:
- Wes Cummins is the CEO of Applied Digital
- Cummins bought 55,803 shares in mid-October
- Cummins paid about $18.04 per share
What we did: Read our cached copy of the publisher (https://startupfortune.com/morgan-stanley-cuts-its-applied-digital-target-to-25-from-41/) in full (8,486 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune
Quote: “Cummins bought 55,803 shares in mid-October at about $18.04, according to MarketBeat”