Applovin Corp’s recent filing unveils that its Director Vivas Eduardo unloaded Company’s shares for reported $27.73 million on Jun 18 ’24. In the deal valued at $80.42 per share,344,763 shares were sold. As a result of this transaction, Vivas Eduardo now holds 7,760,370 shares worth roughly $645.82 million.
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Then, Vivas Eduardo sold 10,860 shares, generating $873,331 in total proceeds. Upon selling the shares at $80.42, the Director now owns 114,404 shares.
Before that, Vivas Eduardo sold 250,000 shares. Applovin Corp shares valued at $19,534,972 were divested by the Director at a price of $78.14 per share. As a result of the transaction, Vivas Eduardo now holds 8,105,133 shares, worth roughly $674.51 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 0.12% to $83.22. Over the last five days, the stock has gained 5.90%. Applovin Corp shares have risen nearly 108.83% since the year began. Nevertheless, the stocks have risen 223.69% over the past one year. While a 52-week high of $88.50 was reached on 05/09/24, a 52-week low of $25.11 was recorded on 01/04/24. SMA at 50 days reached $78.59, while 200 days put it at $55.55. A total of 10.74 million shares were traded, compared to the trading of 3.32 million shares in the previous session.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 82.23, which if violated will result in even more drops to 81.24. On the upside, there is a resistance level at 84.28. A further resistance level may holdings at 85.34. The Relative Strength Index (RSI) on the 14-day chart is 57.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.26%. Stochastics%K at 80.89% indicates the stock is a selling.
