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 $64,930,457 were sold by Chen Herald Y on Feb 28 ’25. At $324.65 per share, Chen Herald Y sold 200,000 shares. The insider’s holdings dropped to 621,209 shares worth approximately $197.54 million following the completion of this transaction.
Also, HERALD Y CHEN purchased 200,000 shares, netting a total of over 64,930,220 in proceeds.
Before that, Jansen Katie Kihorany had added 8,442 shares to its account. In a trade valued at $2,815,407, the Officer bought Applovin Corp shares for $333.50 each.
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 -3.93%. Over the course of the year, Applovin Corp shares have dropped approximately -1.80%. 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 $363.69, while a 200-day SMA reached $199.77.
Support And Resistance Levels for Applovin Corp (APP)
According to the 24-hour chart, there is a support level at 310.25, which, if violated, would cause prices to drop to 302.50. In the upper region, resistance lies at 326.01. The next price resistance is at 334.02. RSI (Relative Strength Index) is 37.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -71.38, which suggests the price will decrease in the coming days. Percent R is at 87.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
