Applovin Corp’s recent filing unveils 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 $30.03 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 $1.18 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 Monday, Applovin Corp [NASDAQ:APP] saw its stock jump 8.18% to $339.72. Over the last five days, the stock has gained 10.71%. Applovin Corp shares have risen nearly 4.91% since the year began. Nevertheless, the stocks have risen 381.74% 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 $349.94, while 200 days put it at $212.95.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 328.02, which if violated will result in even more drops to 316.32. On the upside, there is a resistance level at 346.90. A further resistance level may holdings at 354.08. The Relative Strength Index (RSI) on the 14-day chart is 53.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 32.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.47%. Stochastics %K at 76.62% 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.
