Applovin Corp’s filing revealed that its Director Harvey Dawson Alyssa unloaded Company’s shares for reported $0.98 million on Nov 27 ’24. In the deal valued at $325.76 per share,3,000 shares were sold. As a result of this transaction, Harvey Dawson Alyssa now holds 7,359 shares worth roughly $2.51 million.
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Then, Vivas Eduardo sold 30,330 shares, generating $10,029,070 in total proceeds. Upon selling the shares at $330.67, the Director now owns 90,576 shares.
Before that, Georgiadis Mary Margaret Hasti bought 30,500 shares. Applovin Corp shares valued at $10,021,080 were divested by the Director at a price of $328.56 per share.
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 jump 1.14% to $340.59. Over the last five days, the stock has gained 2.18%. Applovin Corp shares have risen nearly 754.68% since the year began. Nevertheless, the stocks have risen 808.72% over the past one year. While a 52-week high of $344.77 was reached on 12/02/24, a 52-week low of $35.79 was recorded on 01/04/24. SMA at 50 days reached $202.13, while 200 days put it at $109.51.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 335.05, which if violated will result in even more drops to 329.51. On the upside, there is a resistance level at 346.86. A further resistance level may holdings at 353.14. The Relative Strength Index (RSI) on the 14-day chart is 81.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.97%. Stochastics %K at 88.07% 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 2024-11-15, dropping by -5.21 million shares to a total of 16.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 21.88 million shares. There was a decline of -31.26%, which implies that there is a negative sentiment for the stock.
