Applied Digital Stock Pick of the Week at Smart Insider Following Insider Share Purchases

09:39 AM EDT, 10/27/2026 (MT Newswires) -- Applied Digital (APLD) was Smart Insider's stock pick of the week after Chair and Chief Executive Wesley Cummins and President Jason Zhang bought a combined $6.6 million in shares on Oct. 16. Cummins, who now holds 8% of the company, bought $1 million in shares at $18.04 apiece, Smart Insider said in a Tuesday note. It was his first purchase since early 2023, according to the note. Zhang, whose holdings are now valued at $51 million, bought 300,000 shares at $18.86 apiece for about $5.6 million, according to Smart Insider. The transaction was his first open-market purchase, the firm said in the note. Smart Insider said the purchases "appear confident" and mark the first reported insider buying at Applied Digital since early 2023, when the shares traded at about one-third of their current price. Smart Insider ranked Applied Digital +1, indicating a strong positive signal.