Applovin Corp’s recent filing unveils that its Chief Marketing Officer Jansen Katie Kihorany unloaded Company’s shares for reported $1.01 million on May 23 ’24. In the deal valued at $79.01 per share,12,755 shares were sold. As a result of this transaction, Jansen Katie Kihorany now holds 1,236,703 shares worth roughly $100.96 million.
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Then, Valenzuela Victoria sold 2,890 shares, generating $235,155 in total proceeds. Upon selling the shares at $81.37, the CLO & Corp. Secretary now owns 448,490 shares.
Before that, KKR Group Partnership L.P. sold 17,500,000 shares. Applovin Corp shares valued at $1,458,800,000 were divested by the 10% Owner at a price of $83.36 per share. As a result of the transaction, KKR Group Partnership L.P. now holds 366,567 shares, worth roughly $29.93 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 Tuesday, Applovin Corp [NASDAQ:APP] saw its stock fall -1.28% to $81.64. Over the last five days, the stock has lost -1.91%. Applovin Corp shares have risen nearly 104.87% since the year began. Nevertheless, the stocks have risen 229.06% over the past one year. While a 52-week high of $88.50 was reached on 05/09/24, a 52-week low of $21.03 was recorded on 01/04/24. SMA at 50 days reached $76.26, while 200 days put it at $52.26. A total of 4.19 million shares were traded, compared to the trading of 3.78 million shares in the previous session.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 79.18, which if violated will result in even more drops to 76.73. On the upside, there is a resistance level at 84.77. A further resistance level may holdings at 87.91. The Relative Strength Index (RSI) on the 14-day chart is 54.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.46%. Stochastics %K at 50.95% indicates the stock is a holding.
