Applovin Corp’s filing revealed that its Chief Marketing Officer Jansen Katie Kihorany unloaded Company’s shares for reported $17.13 million on Nov 12 ’24. In the deal valued at $286.14 per share,59,876 shares were sold. As a result of this transaction, Jansen Katie Kihorany now holds 1,017,388 shares worth roughly $303.18 million.
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Then, Jansen Katie Kihorany sold 59,876 shares, generating $17,131,990 in total proceeds. Upon selling the shares at $286.12, the Chief Marketing Officer now owns 957,512 shares.
Before that, Jansen Katie Kihorany bought 119,764 shares. Applovin Corp shares valued at $33,503,979 were divested by the Officer at a price of $279.75 per share.
Daiwa Securities upgraded its Applovin Corp [APP] rating to an Outperform from a a Neutral in a research note published on November 08, 2024; the price target was increased to $280 from $80. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late October with a ‘”an Overweight”‘ rating. Loop Capital began covering APP with “Buy” recommendation on October 22, 2024. Goldman revised its rating on October 14, 2024. It rated APP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of APP
On Monday, Applovin Corp [NASDAQ:APP] saw its stock jump 2.37% to $298.00. Over the last five days, the stock has gained 4.04%. Applovin Corp shares have risen nearly 647.80% since the year began. Nevertheless, the stocks have risen 665.48% over the past one year. While a 52-week high of $302.55 was reached on 11/14/24, a 52-week low of $35.79 was recorded on 01/04/24. SMA at 50 days reached $163.37, while 200 days put it at $96.90.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 289.36, which if violated will result in even more drops to 280.72. On the upside, there is a resistance level at 304.52. A further resistance level may holdings at 311.04. The Relative Strength Index (RSI) on the 14-day chart is 88.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 57.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.15%. Stochastics %K at 92.13% indicates the stock is a selling.
How much short interest is there in Applovin Corp?
A steep rise in short interest was recorded in Applovin Corp stocks on 2024-10-31, dropping by -1.81 million shares to a total of 18.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.6 million shares. There was a decline of -9.63%, which implies that there is a negative sentiment for the stock.
