Applovin Corp’s recently made public that its Director HERALD Y CHEN acquired Company’s shares for reported $64.93 million on Feb 28 ’25. In the deal valued at $324.65 per share,200,000 shares were bought.
Then, Jansen Katie Kihorany bought 8,442 shares, generating $2,815,407 in total proceeds.
Before that, Foroughi Arash Adam sold 44,400 shares. Applovin Corp shares valued at $18,243,452 were divested by the CEO & Chairperson at a price of $410.89 per share. As a result of the transaction, Foroughi Arash Adam now holds 2,869,492 shares, worth roughly $934.71 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 1.64% to $325.74. Over the last five days, the stock has lost -21.57%. Applovin Corp shares have risen nearly 0.59% since the year began. Nevertheless, the stocks have risen 437.26% over the past one year. While a 52-week high of $525.15 was reached on 02/13/25, a 52-week low of $57.40 was recorded on 02/26/25. SMA at 50 days reached $363.94, while 200 days put it at $196.13.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 310.71, which if violated will result in even more drops to 295.67. On the upside, there is a resistance level at 336.17. A further resistance level may holdings at 346.59. The Relative Strength Index (RSI) on the 14-day chart is 38.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -84.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.41%. Stochastics %K at 15.59% indicates the stock is a buying.
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.
