In a filing, Applovin Corp revealed its Director CHEN FAMILY 2012 IRREVOCABLE T acquired Company’s shares for reported $48.33 million on Dec 09 ’24. In the deal valued at $345.18 per share,140,000 shares were bought.
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Then, ARASH ADAM FOROUGHI bought 200,000 shares, generating $69,122,720 in total proceeds.
Before that, Chen Herald Y bought 50,000 shares. Applovin Corp shares valued at $17,517,500 were divested by the Director at a price of $350.35 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 fall -14.68% to $342.54. Over the last five days, the stock has gained 0.57%. Applovin Corp shares have risen nearly 759.57% since the year began. Nevertheless, the stocks have risen 829.80% over the past one year. While a 52-week high of $417.64 was reached on 12/06/24, a 52-week low of $35.79 was recorded on 01/04/24. SMA at 50 days reached $226.56, while 200 days put it at $117.39.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 323.29, which if violated will result in even more drops to 304.05. On the upside, there is a resistance level at 370.84. A further resistance level may holdings at 399.15. The Relative Strength Index (RSI) on the 14-day chart is 61.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 30.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 60.55%. Stochastics %K at 70.58% indicates the stock is a holding.
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.
