Weekly Roundup: Applied Digital & MP Materials Soar, FedEd Dips
On this episode of Stock Movers, we take a look at some of this past week's biggest gainers and decliners: Applied Digital (APLD) soared to their highest since 2004 after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services. FedEx (FDX) ends the week lower as the sector faces woes including slowing truckload growth, and concerns from Morgan analyst Brian Ossenbeck that a perception of weakened price discipline among…
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