In a filing, Applovin Corp revealed 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 $21.06 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 $824.93 million.
Morgan Stanley upgraded its Applovin Corp [APP] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including FBN Securities’s analysts, who began to cover the stock in late March with a ‘”an Outperform”‘ rating. The Benchmark Company began covering APP with “Buy” recommendation on January 10, 2025. Piper Sandler started covering the stock on November 20, 2024. It rated APP as “an Overweight”.
Price Performance Review of APP
On Thursday, Applovin Corp [NASDAQ:APP] saw its stock jump 3.66% to $238.22. Over the last five days, the stock has lost -9.71%. Applovin Corp shares have fallen nearly -26.44% since the year began. Nevertheless, the stocks have risen 229.40% 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 04/07/25. SMA at 50 days reached $318.42, while 200 days put it at $229.41.
Levels Of Support And Resistance For APP Stock
The 24-hour chart illustrates a support level at 229.56, which if violated will result in even more drops to 220.91. On the upside, there is a resistance level at 243.41. A further resistance level may holdings at 248.61. The Relative Strength Index (RSI) on the 14-day chart is 42.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.98%. Stochastics %K at 34.46% 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 2025-03-31, dropping by -2.68 million shares to a total of 10.99 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 13.66 million shares. There was a decline of -24.37%, which implies that there is a negative sentiment for the stock.
