Applovin Corp’s recent filing unveils that its CLO & Corp. Secretary Valenzuela Victoria unloaded Company’s shares for reported $5.0 million on Dec 19 ’24. In the deal valued at $313.07 per share,15,971 shares were sold. As a result of this transaction, Valenzuela Victoria now holds 372,205 shares worth roughly $117.5 million.
Then, Chen Herald Y sold 99,000 shares, generating $32,620,953 in total proceeds. Upon selling the shares at $329.50, the Director now owns 621,209 shares.
Before that, Chen Herald Y sold 100,000 shares. Applovin Corp shares valued at $33,307,352 were divested by the Director at a price of $333.07 per share. As a result of the transaction, Chen Herald Y now holds 621,209 shares, worth roughly $196.1 million.
The Benchmark Company initiated its Applovin Corp [APP] rating to a Buy in a research note published on January 10, 2025; the price target was $375. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid November with a ‘”an Overweight”‘ rating. Daiwa Securities also remained covering APP and has increased its forecast on November 08, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on October 29, 2024. It rated APP as “an Overweight”.
Price Performance Review of APP
On Monday, Applovin Corp [NASDAQ:APP] saw its stock fall -0.88% to $315.68. Over the last five days, the stock has lost -9.97%. Applovin Corp shares have fallen nearly -2.52% since the year began. Nevertheless, the stocks have risen 678.88% over the past one year. While a 52-week high of $417.64 was reached on 01/06/25, a 52-week low of $39.43 was recorded on 01/13/25. SMA at 50 days reached $308.33, while 200 days put it at $146.98.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 309.26, which if violated will result in even more drops to 302.83. On the upside, there is a resistance level at 319.92. A further resistance level may holdings at 324.15. The Relative Strength Index (RSI) on the 14-day chart is 45.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.45%. Stochastics %K at 24.43% 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 2024-12-31, growing by 1.06 million shares to a total of 18.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.94 million shares. There was a rise of 5.91%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 22, 2024 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $181 price target.
