Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Applovin Corp shares valued at $18,243,452 were sold by Foroughi Arash Adam on Feb 24 ’25. At $410.89 per share, Foroughi Arash Adam sold 44,400 shares. The insider’s holdings dropped to 2,869,492 shares worth approximately $949.8 million following the completion of this transaction.
Also, Foroughi Arash Adam sold 45,000 shares, netting a total of over 18,999,624 in proceeds. Following the sale of shares at $422.21 each, the insider now holds 2,914,492 shares.
Before that, Foroughi Arash Adam had sold 600 shares from its account. In a trade valued at $238,155, the CEO & Chairperson traded Applovin Corp shares for $396.93 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $964.5 million.
As published in their initiating research note from The Benchmark Company on January 10, 2025, Applovin Corp [APP] has been a Buy and the price target has been revised to $375. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid November. As of November 08, 2024, Daiwa Securities has increased its “Neutral” rating to a “an Outperform” for APP. Earlier on October 29, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for APP stock.
Analyzing APP Stock Performance
During the last five days, there has been a drop of approximately -33.02%. Over the course of the year, Applovin Corp shares have jumped approximately 2.21%. Shares of the company reached a 52-week high of $525.15 on 02/13/25 and a 52-week low of $288.92 on 02/26/25. A 50-day SMA is recorded $364.03, while a 200-day SMA reached $193.75. Nevertheless, trading volume fell to 31.72 million shares from 11.33 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 298.89, which, if violated, would cause prices to drop to 266.77. In the upper region, resistance lies at 353.14. The next price resistance is at 375.28. RSI (Relative Strength Index) is 38.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -45.17, which suggests the price will decrease in the coming days. Percent R is at 82.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
