Applovin Corp’s filing revealed that its Chief Technology Officer Shikin Vasily unloaded Company’s shares for reported $4.23 million on Mar 10 ’25. In the deal valued at $241.65 per share,17,500 shares were sold. As a result of this transaction, Shikin Vasily now holds 88,389 shares worth roughly $25.89 million.
Then, Shikin Vasily sold 21,627 shares, generating $5,256,890 in total proceeds. Upon selling the shares at $243.07, the Chief Technology Officer now owns 88,389 shares.
Before that, Shikin Vasily sold 30,000 shares. Applovin Corp shares valued at $7,249,595 were divested by the Chief Technology Officer at a price of $241.65 per share. As a result of the transaction, Shikin Vasily now holds 3,462,891 shares, worth roughly $1.01 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 jump 7.68% to $292.89. Over the last five days, the stock has gained 8.29%. Applovin Corp shares have fallen nearly -9.55% since the year began. Nevertheless, the stocks have risen 379.28% over the past one year. While a 52-week high of $525.15 was reached on 02/13/25, a 52-week low of $60.67 was recorded on 03/10/25. SMA at 50 days reached $353.69, while 200 days put it at $206.21.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 284.18, which if violated will result in even more drops to 275.48. On the upside, there is a resistance level at 299.80. A further resistance level may holdings at 306.72. The Relative Strength Index (RSI) on the 14-day chart is 42.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -20.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.11%. Stochastics %K at 23.50% 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 2025-02-28, dropping by -0.44 million shares to a total of 13.66 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 14.1 million shares. There was a decline of -3.2%, 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.
