NEW YORK — Shares of Applied Digital rose more than 7% on Monday after regulatory filings showed that two of the data center developer's most senior executives bought shares last week, when the stock fell to a 52-week low.

Applied Digital shares were up $1.35, or 7.48%, at $19.40 in morning trading on the Nasdaq, with nearly 8 million shares changing hands. The company has a market value of about $5.9 billion.

The stock had dropped 11.5% on Friday to close at $18.05, after hitting a 52-week low of $17.65 during the session.

Securities and Exchange Commission filings disclosed that two of........

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