Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Applovin Corp shares valued at $5,000,041 were sold by Valenzuela Victoria on Dec 19 ’24. At $313.07 per share, Valenzuela Victoria sold 15,971 shares. The insider’s holdings dropped to 372,205 shares worth approximately $127.23 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Chen Herald Y sold 99,000 shares, netting a total of over 32,620,953 in proceeds. Following the sale of shares at $329.50 each, the insider now holds 621,209 shares.
Before that, Chen Herald Y had sold 100,000 shares from its account. In a trade valued at $33,307,352, the Director traded Applovin Corp shares for $333.07 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $212.35 million.
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 1.67%. Over the course of the year, Applovin Corp shares have jumped approximately 762.03%. Shares of the company reached a 52-week high of $417.64 on 12/06/24 and a 52-week low of $37.40 on 01/04/24. A 50-day SMA is recorded $268.96, while a 200-day SMA reached $132.29. Nevertheless, trading volume fell to 1.31 million shares from 2.46 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 339.27, which, if violated, would cause prices to drop to 336.70. In the upper region, resistance lies at 346.44. The next price resistance is at 351.04. RSI (Relative Strength Index) is 57.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.52, which suggests the price will increase in the coming days. Percent R is at 69.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
