Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Applovin Corp shares valued at $6,348,053 were sold by Valenzuela Victoria on Dec 03 ’24. At $354.15 per share, Valenzuela Victoria sold 17,925 shares. The insider’s holdings dropped to 405,676 shares worth approximately $153.78 million following the completion of this transaction.
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Also, Georgiadis Mary Margaret Hasti sold 30,500 shares, netting a total of over 10,360,432 in proceeds. Following the sale of shares at $339.69 each, the insider now holds 154,500 shares.
Before that, Valenzuela Victoria had added 17,925 shares to its account. In a trade valued at $6,348,053, the Officer bought Applovin Corp shares for $354.15 each.
As published in their initiating research note from Piper Sandler on November 20, 2024, Applovin Corp [APP] has been an Overweight and the price target has been revised to $400. Analysts at Daiwa Securities upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of October 29, 2024, Wells Fargo has initiated its “an Overweight” rating for APP. Earlier on October 22, 2024, Loop Capital initiated its rating. Their recommendation was “a Buy” for APP stock.
Analyzing APP Stock Performance
During the last five days, there has been a surge of approximately 15.37%. Over the course of the year, Applovin Corp shares have jumped approximately 851.24%. Shares of the company reached a 52-week high of $397.47 on 12/05/24 and a 52-week low of $37.40 on 01/04/24. A 50-day SMA is recorded $216.80, while a 200-day SMA reached $114.25. Nevertheless, trading volume fell to 6.37 million shares from 4.44 million shares the previous day.
Support And Resistance Levels for Applovin Corp (APP)
According to the 24-hour chart, there is a support level at 367.12, which, if violated, would cause prices to drop to 355.18. In the upper region, resistance lies at 394.24. The next price resistance is at 409.42. RSI (Relative Strength Index) is 86.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 40.13, which suggests the price will increase in the coming days. Percent R is at 15.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
