In a filing, Applovin Corp revealed its Officer Vasily Shikin acquired Company’s shares for reported $76.66 million on Nov 25 ’24. In the deal valued at $333.31 per share,230,000 shares were bought.
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Then, KKR Group Partnership L.P. sold 5,274,246 shares, generating $1,634,860,909 in total proceeds. Upon selling the shares at $309.97, the 10% Owner now owns 68,037 shares.
Before that, KKR Denali Holdings L.P. sold 5,274,246 shares. Applovin Corp shares valued at $1,634,860,909 were divested by the 10% Owner at a price of $309.97 per share. As a result of the transaction, KKR Denali Holdings L.P. now holds 68,037 shares, worth roughly $21.74 million.
Piper Sandler initiated its Applovin Corp [APP] rating to an Overweight in a research note published on November 20, 2024; the price target was $400. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “an Outperform”. Wells Fargo began covering APP with “an Overweight” recommendation on October 29, 2024. Loop Capital started covering the stock on October 22, 2024. It rated APP as “a Buy”.
Price Performance Review of APP
On Monday, Applovin Corp [NASDAQ:APP] saw its stock fall -4.12% to $319.59. Over the last five days, the stock has gained 7.24%. Applovin Corp shares have risen nearly 701.98% since the year began. Nevertheless, the stocks have risen 709.29% over the past one year. While a 52-week high of $342.51 was reached on 11/25/24, a 52-week low of $35.79 was recorded on 01/04/24. SMA at 50 days reached $185.36, while 200 days put it at $103.83.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 310.04, which if violated will result in even more drops to 300.50. On the upside, there is a resistance level at 336.95. A further resistance level may holdings at 354.32. The Relative Strength Index (RSI) on the 14-day chart is 78.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 34.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.16%. Stochastics %K at 89.20% 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.
