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 $ 189.87 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 $316.9 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 Friday, Applovin Corp [NASDAQ:APP] saw its stock jump 8.15% to $510.13. Over the last five days, the stock has gained 35.77%. Applovin Corp shares have risen nearly 57.53% since the year began. Nevertheless, the stocks have risen 1013.09% over the past one year. While a 52-week high of $525.15 was reached on 02/13/25, a 52-week low of $45.59 was recorded on 01/13/25. SMA at 50 days reached $355.00, while 200 days put it at $181.46.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 476.29, which if violated will result in even more drops to 442.45. On the upside, there is a resistance level at 530.48. A further resistance level may holdings at 550.83. The Relative Strength Index (RSI) on the 14-day chart is 81.05, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 64.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.20%. Stochastics %K at 79.88% 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 2025-01-31, dropping by -3.9 million shares to a total of 14.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 18.0 million shares. There was a decline of -27.67%, which implies that there is a negative 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.
