Applovin Corp’s recent filing unveils that its CLO & Corp. Secretary Valenzuela Victoria unloaded Company’s shares for reported $3.75 million on Apr 04 ’24. In the deal valued at $75.01 per share,50,000 shares were sold. As a result of this transaction, Valenzuela Victoria now holds 471,560 shares worth roughly $35.4 million.
Then, Chen Herald Y sold 150,000 shares, generating $9,456,604 in total proceeds. Upon selling the shares at $63.04, the President & CFO now owns 62,418 shares.
Before that, Stumpf Matthew sold 2,775 shares. Applovin Corp shares valued at $175,658 were divested by the Chief Financial Officer (CFO) at a price of $63.30 per share. As a result of the transaction, Stumpf Matthew now holds 362,264 shares, worth roughly $27.2 million.
A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who began to cover the stock in mid April with a ‘”a Neutral”‘ rating. HSBC Securities began covering APP with “Buy” recommendation on December 18, 2023. Jefferies revised its rating on August 22, 2023. It rated APP as “a Buy” which previously was an “a Hold”.
Price Performance Review of APP
On Friday, Applovin Corp [NASDAQ:APP] saw its stock jump 3.59% to $75.07. Over the last five days, the stock has gained 1.69%. Applovin Corp shares have risen nearly 88.38% since the year began. Nevertheless, the stocks have risen 356.35% over the past one year. While a 52-week high of $79.55 was reached on 04/09/24, a 52-week low of $16.35 was recorded on 01/04/24. SMA at 50 days reached $68.36, while 200 days put it at $47.06. A total of 2.97 million shares were traded, compared to the trading of 2.4 million shares in the previous session.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 73.29, which if violated will result in even more drops to 71.50. On the upside, there is a resistance level at 76.07. A further resistance level may holdings at 77.06. The Relative Strength Index (RSI) on the 14-day chart is 58.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.17%. Stochastics %K at 67.76% indicates the stock is a holding.
