Applovin Corp’s recently made public that its Director Chen Herald Y unloaded Company’s shares for reported $32.62 million on Dec 12 ’24. In the deal valued at $329.50 per share,99,000 shares were sold. As a result of this transaction, Chen Herald Y now holds 621,209 shares worth roughly $213.67 million.
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Then, Chen Herald Y sold 100,000 shares, generating $33,307,352 in total proceeds. Upon selling the shares at $333.07, the Director now owns 621,209 shares.
Before that, Chen Herald Y sold 17,649 shares. Applovin Corp shares valued at $6,193,109 were divested by the Director at a price of $350.90 per share. As a result of the transaction, Chen Herald Y now holds 190,000 shares, worth roughly $65.35 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 jump 6.01% to $343.96. Over the last five days, the stock has gained 0.41%. Applovin Corp shares have risen nearly 763.14% since the year began. Nevertheless, the stocks have risen 789.02% over the past one year. While a 52-week high of $417.64 was reached on 12/06/24, a 52-week low of $37.40 was recorded on 01/04/24. SMA at 50 days reached $246.29, while 200 days put it at $124.16.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 329.97, which if violated will result in even more drops to 315.99. On the upside, there is a resistance level at 353.97. A further resistance level may holdings at 363.99. The Relative Strength Index (RSI) on the 14-day chart is 59.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.02%. Stochastics %K at 21.96% 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 2024-11-29, dropping by -1.85 million shares to a total of 16.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 18.79 million shares. There was a decline of -10.92%, which implies that there is a negative sentiment for the stock.
