Applovin Corp’s recently made public that its CEO & Chairperson Foroughi Arash Adam unloaded Company’s shares for reported $18.24 million on Feb 24 ’25. In the deal valued at $410.89 per share,44,400 shares were sold. As a result of this transaction, Foroughi Arash Adam now holds 2,869,492 shares worth roughly $1.18 billion.
Then, Foroughi Arash Adam sold 45,000 shares, generating $18,999,624 in total proceeds. Upon selling the shares at $422.21, the CEO & Chairperson now owns 2,914,492 shares.
Before that, Foroughi Arash Adam sold 600 shares. Applovin Corp shares valued at $238,155 were divested by the CEO & Chairperson at a price of $396.93 per share. As a result of the transaction, Foroughi Arash Adam now holds 2,913,892 shares, worth roughly $1.2 billion.
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 fall -1.17% to $410.45. Over the last five days, the stock has lost -19.54%. Applovin Corp shares have risen nearly 26.75% since the year began. Nevertheless, the stocks have risen 640.62% over the past one year. While a 52-week high of $525.15 was reached on 02/13/25, a 52-week low of $56.45 was recorded on 01/13/25. SMA at 50 days reached $363.05, while 200 days put it at $190.97.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 394.81, which if violated will result in even more drops to 379.17. On the upside, there is a resistance level at 426.29. A further resistance level may holdings at 442.13. The Relative Strength Index (RSI) on the 14-day chart is 52.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 70.74%. Stochastics %K at 41.37% indicates the stock is a holding.
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.
