The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Applovin Corp shares valued at $4,228,934 were sold by Shikin Vasily on Mar 10 ’25. At $241.65 per share, Shikin Vasily sold 17,500 shares. The insider’s holdings dropped to 88,389 shares worth approximately $23.68 million following the completion of this transaction.
Also, Shikin Vasily sold 21,627 shares, netting a total of over 5,256,890 in proceeds. Following the sale of shares at $243.07 each, the insider now holds 88,389 shares.
Before that, Shikin Vasily had sold 30,000 shares from its account. In a trade valued at $7,249,595, the Chief Technology Officer traded Applovin Corp shares for $241.65 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $927.64 million.
As published in a research note from Morgan Stanley on April 10, 2025, Applovin Corp [APP] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $350. Analysts at FBN Securities started covering the stock with ‘”an Outperform”‘ outlook in a report released in late March. As of January 10, 2025, The Benchmark Company has initiated its “Buy” rating for APP. Earlier on November 20, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for APP stock.
Analyzing APP Stock Performance
During the last five days, there has been a surge of approximately 16.57%. Over the course of the year, Applovin Corp shares have dropped approximately -17.28%. Shares of the company reached a 52-week high of $525.15 on 02/13/25 and a 52-week low of $200.50 on 04/07/25. A 50-day SMA is recorded $307.82, while a 200-day SMA reached $232.62.
Support And Resistance Levels for Applovin Corp (APP)
According to the 24-hour chart, there is a support level at 254.61, which, if violated, would cause prices to drop to 241.35. In the upper region, resistance lies at 278.53. The next price resistance is at 289.19. RSI (Relative Strength Index) is 50.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.99, which suggests the price will increase in the coming days. Percent R is at 16.29%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
