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MarketBeat
MarketBeat
Business
Thomas Hughes

AppLovin Insiders Sell Shares: Stock Price Indicated Higher

AppLovin (NASDAQ: APP) insiders are selling shares in 2024. InsiderTrades tracks 11 insiders who sold in 2024, including numerous directors, the CEO, president, CFO, CCO, CTO, and CMO for a vegetable soup of executives. Their sales persisted into Q4 when 13 transactions were made, all sales, leaving their holdings at roughly 14%. The sales are in the face of rising share prices but pose no danger to investors. The company uses share-based compensation, and the activity aligns with that. Insiders own a considerable amount of this stock and are wise to take profits off the table regularly. 

AppLovin Is Loving the Tailwind Provided by Institutions and Analysts

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