Gain detailed insights into the trading activity of Congress members for AppLovin on our government trades page. Stay updated on how elected officials are investing in APP.

AppLovin - Government Trades

AppLovin

AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.

American Apparel Inc


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.

AppLovin Insiders Sell Shares: Stock Price Indicated Higher

Adobe - $233 Billion

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SMCI

Large-cap stocks saw worst performance last week, including MongoDB, Applovin, CAVA, Super Micro Computer, FTAI, Adobe, Ferguson, Toll Brothers, BeiGene, Omnicom, and Nucor.

Super Micro Computer, Adobe And Nucor Are Among Top Large Cap Losers Last Week (December 9-13): Are The Others In Your Portfolio?

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Hims & Hers Health, Inc. Class A Common Stock

HIMS

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MSTR

NVDA

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SOFI

SOUN

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Ritholtz Wealth Management’s Josh Brown created a new index that tracks the most popular stocks in some of the hottest themes of the market.

Josh Brown Unveils The &#39;Degen Dow,&#39; A Basket Of 30 Retail Darlings Spanning All &#39;Major Degen Food Groups&#39;

TradePulse Power Inflow Alert: Applovin (APP) Receives Alert After Dropping Early, Then Rises Over 20 Points

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BioAge Labs, Riot Platforms And Other Big Stocks Moving Lower In Monday&#39;s Pre-Market Session

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MRVL

PSTG

RBRK

ROKU

11 large-cap stocks surged last week: CRDO, SMCI, DOCU, RBRK, LULU, PSTG, MRVL, ROKU, AUR, AAL, APP. Did you have them in your portfolio?

Super Micro Computer, lululemon And Roku Are Among Top 11 Large Cap Gainers Last Week (Dec 2-Dec 6): Are The Others In Your Portfolio?

LMND

Lemonade&#39;s AI Edge: A Disruptor in the Insurance Industry

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Ulta Beauty Posts Upbeat Results, Joins Asana, Lululemon, Hewlett Packard Enterprise And Other Big Stocks Moving Higher On Friday

cyber-monday-5244009_1280

Price Target

Reiteration

Analyst Ratings

AMZN

CHWY

Analyst Justin Post shares views on internet and e-commerce stocks including Amazon, Applovin, Chewy, and RH. Cyber Monday generated $13.3B in sales, exceeding estimates.

Amazon Wins E-Commerce Market Share With Better Holiday Season Speed, AppLovin Impresses: Analyst

Metaverse,Crypto,Currency,Technology,Concept,,Professional,Business,Man,With,Blockchain

Tech

Goldman Sachs analyst maintains Neutral rating on Applovin Corp (NASDAQ: APP) with $220 price target.

Applovin Set To Capitalize On AI Frenzy, Ad Growth, Analyst Cautions On Near-Term Volatility

Applovin Corporation - Class A Common Stock

AppLovin Corp

APPLIED BIOSCIENCES CORP by Applied Biosciences Corp.

Applied Biosciences Corp

APAC RESOURCES ORD NEW by Apac Resources Ltd

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Applied DNA Sciences Inc Warrants (15/11/2024)

Appen Ltd

AppFolio Inc

AppHarvest Inc Ordinary Shares

Appier Group Inc

ALPHAPOLIS CO LTD by ALPHAPOLIS CO LTD

APPAREL MFG ASSOCS INC by Apparel Manufacturing Associates, Inc.

Apparel Manufacturing Associates Inc

Appian Corporation - Class A Common Stock

Appian Corp

APPIRITS INC by Appirits Inc.

Digital Turbine Inc

Automotive Properties Real Estate Investment Trust

AppHarvest Inc Warrants (30/06/2027)

Monster Arts Inc

Deep-pocketed investors have adopted a bearish approach towards AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for AppLovin. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 62% bearish. Among these notable options, 2 are puts, totaling $77,820, and 6 are calls, amounting to $228,919.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $380.0 for AppLovin over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of AppLovin stands at 1027.0, with a total volume reaching 464.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AppLovin, situated within the strike price corridor from $250.0 to $380.0, throughout the last 30 days.
<h3>AppLovin Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734619589_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$380.00</td>
<td>$77.3K</td>
<td>2.9K</td>
<td align="right">110</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$63.3</td>
<td>$62.9</td>
<td>$62.9</td>
<td>$380.00</td>
<td>$50.3K</td>
<td>606</td>
<td align="right">8</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$25.0</td>
<td>$22.8</td>
<td>$24.4</td>
<td>$330.00</td>
<td>$36.6K</td>
<td>1.4K</td>
<td align="right">40</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/03/25</td>
<td>$33.9</td>
<td>$30.3</td>
<td>$31.65</td>
<td>$300.00</td>
<td>$31.6K</td>
<td>21</td>
<td align="right">10</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$29.3</td>
<td>$27.5</td>
<td>$27.5</td>
<td>$320.00</td>
<td>$30.2K</td>
<td>314</td>
<td align="right">43</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
<h3>AppLovin's Current Market Status</h3>
<ul>
<li>With a trading volume of 191,410, the price of APP is up by 1.82%, reaching $318.76.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 55 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for AppLovin</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $447.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for AppLovin, targeting a price of $480. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for AppLovin, targeting a price of $375. 
&#x2A; An analyst from Oppenheimer downgraded its action to Outperform with a price target of $480. 
&#x2A; An analyst from Loop Capital persists with their Buy rating on AppLovin, maintaining a target price of $450. 
&#x2A; An analyst from Macquarie persists with their Outperform rating on AppLovin, maintaining a target price of $450. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AppLovin options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

AppLovin Unusual Options Activity For December 19

WIIM

ADSK

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APPN

BILL

BTCS

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CWAN

CYBR

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ETWO

EVCM

EXFY

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GRYP

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INTU

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MANH

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

MSFT

NCTY

NICE

NTNX

PANW

PATH

PCOR

PRCH

RAMP

SDIG

SNPS

TEAM

TRAK

TZUP

UPLD

Shares of stocks in the broader software sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

AppLovin shares are trading higher after Loop Capital maintained a Buy rating on the stock and raised its price target from $385 to $450.

Loop Capital analyst Rob Sanderson maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy and raises the price target from $385 to $450.

Loop Capital Maintains Buy on AppLovin, Raises Price Target to $450

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) stock dipped 22.19% after the company reported third-quarter results and analysts <a href="https://www.benzinga.com//node/42421831" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares dived 19.19%.</li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) shares fell 17.78%. A director <a href="https://www.benzinga.com/quote/cava/analyst-ratings" target="_blank" rel="noreferrer noopener">recently disclosed share sales</a>.</li>
<li>Super Micro Computer, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock plummeted 17.03% despite CEO Charles Liang&#8217;s reassurances that the company&#8217;s stock <a href="https://www.benzinga.com//node/42432508" target="_blank" rel="noreferrer noopener">would not be delisted from Nasdaq</a>.</li>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) shares decreased 16.16%.</li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) declined 15.78% after the company reported fourth-quarter financial results and issued worse-than-expected FY25 guidance. Several <a href="https://www.benzinga.com//node/42465629" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a> on the stock.</li>
<li>Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) stock fell 13.57% after the company reported <a href="https://www.benzinga.com//node/42415051" target="_blank" rel="noreferrer noopener">worse-than-expected financial results</a>. Several <a href="https://www.benzinga.com/quote/ferg/analyst-ratings" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) fell 13.14% after reporting <a href="https://www.benzinga.com//node/42418066" target="_blank" rel="noreferrer noopener">fourth-quarter results</a>. Several analysts <a href="https://www.benzinga.com/quote/tol/analyst-ratings" target="_blank" rel="noreferrer noopener">revised the price forecast</a> on the stock.</li>
<li>BeiGene, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) shares were down 12.78%. The company secures global licensing agreement for novel MAT2A Inhibitor SYH2039 <a href="https://www.benzinga.com//node/42475817" target="_blank" rel="noreferrer noopener">to target MTAP-Deleted solid tumors</a>.</li>
<li>Omnicom Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) shares declined 12.67%. The company <a href="https://www.benzinga.com//node/42392555" target="_blank" rel="noreferrer noopener">agreed to acquire</a> Interpublic Group of Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) for $13 billion.</li>
<li>Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) stock fell 12.15% last week after UBS <a href="https://www.benzinga.com//node/42487192" target="_blank" rel="noreferrer noopener">downgraded the stock</a> from Buy to Neutral and lowered its price forecast from $171 to $156.</li>
</ol>
Image via Shutterstock

Ritholtz Wealth Management&#8217;s Josh Brown created a new index that tracks the most popular stocks in some of the <a href="https://www.benzinga.com/insights/options/24/12/42465585/spotlight-on-soundhound-ai-analyzing-the-surge-in-options-activity">hottest themes of the market</a>.
What To Know: Last Tuesday on "<a href="https://podcasts.apple.com/us/podcast/the-compound-and-friends/id1456467014?i=1000679133042" target="_blank" rel="noreferrer noopener">The Compound &amp; Friends</a>" podcast, Brown set the stage for unveiling the &#8220;Degen Dow.&#8221;
&#8220;I think that if we were to make a list of the biggest themes of 2024, one of those themes would have been degeneracy,&#8221; Brown said. 
It&#8217;s tough to say precisely how the word &#8220;degen&#8221; came to be, but some believe it originates from the term &#8220;degenerate gambler&#8221; in sports betting and gambling culture, <a href="https://www.wsj.com/finance/stocks/degen-stock-crypto-trading-market-trend-69d12a56">according</a> to The Wall Street Journal.
It&#8217;s also used by crypto traders and meme-stock traders who often make risky short-term bets based on momentum and steer clear of traditional ways of assessing investments. 
Brown put together a list of the top stocks used as trading vehicles by &#8220;degen&#8221; traders using platforms such as Robinhood, Stocktwits and Reddit&#8217;s <a href="https://www.benzinga.com/topic/wallstreetbets">WallStreetBets</a>. The list includes high beta Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-related names, gaming and gambling companies, AI names, space theme plays, Cathie Wood favorites and president-elect Donald Trump-related stocks.
&#8220;All the major degen food groups are represented,&#8221; Brown said. 
Here&#8217;s a look at all of the stocks that made it into the &#8220;Degen Dow.&#8221;
<ul>
<li>Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>)</li>
</ul>
<ul>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)</li>
</ul>
<ul>
<li>Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>)</li>
</ul>
<ul>
<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
</ul>
<ul>
<li>Carvana Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)</li>
</ul>
<ul>
<li>Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)</li>
</ul>
<ul>
<li>DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
</ul>
<ul>
<li>Flutter Entertainment Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>)</li>
</ul>
<ul>
<li>Geo Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>)</li>
</ul>
<ul>
<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</li>
</ul>
<ul>
<li>Hims &amp; Hers Health, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)</li>
</ul>
<ul>
<li>Robinhood Markets, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</li>
</ul>
<ul>
<li>Lucid Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</li>
</ul>
<ul>
<li>MARA Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</li>
</ul>
<ul>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
</ul>
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
</ul>
<ul>
<li>PagerDuty, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>)</li>
</ul>
<ul>
<li>Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
</ul>
<ul>
<li>Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</li>
</ul>
<ul>
<li>Reddit, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)</li>
</ul>
<ul>
<li>Riot Platforms, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)</li>
</ul>
<ul>
<li>Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
</ul>
<ul>
<li>Rocket Lab USA, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</li>
</ul>
<ul>
<li>Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>)</li>
</ul>
<ul>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</li>
</ul>
<ul>
<li>SoFi Technologies, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
</ul>
<ul>
<li>SoundHound AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>)</li>
</ul>
<ul>
<li>Tesla, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
</ul>
<ul>
<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
</ul>
<ul>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
</ul>
Why It Matters: Brown equal-weighted the basket of stocks in the index to track performance. The index actually declined more than 80% from the highs in late 2021, but it has formed a base and appears to be breaking out to the upside with gains of nearly 50% since the start of the year. 
&#8220;Look how it&#8217;s like turning up &#8230; this thing is ripping into year-end,&#8221; Brown said, to which his co-host Michael Batnick replied, &#8220;I want to get long.&#8221;
Brown noted Nvidia and Reddit are the only two names on the list he currently owns.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year</a></li>
</ul>
Photo: Shutterstock

Josh Brown Unveils The 'Degen Dow,' A Basket Of 30 Retail Darlings Spanning All 'Major Degen Food Groups'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$140.00</td>
<td>$38.6K</td>
<td>112.3K</td>
<td>35.5K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$29.8K</td>
<td>27.1K</td>
<td>29.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$190.00</td>
<td>$85.3K</td>
<td>10.4K</td>
<td>7.2K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$450.00</td>
<td>$61.3K</td>
<td>33.9K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$129.00</td>
<td>$29.4K</td>
<td>4.0K</td>
<td>5.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$400.00</td>
<td>$42.9K</td>
<td>9.0K</td>
<td>4.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$260.00</td>
<td>$237.7K</td>
<td>8.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$31.00</td>
<td>$57.5K</td>
<td>574</td>
<td>1.4K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.00</td>
<td>$27.9K</td>
<td>6.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$400.00</td>
<td>$1.7 million</td>
<td>1.9K</td>
<td>950</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on December 20, 2024. Parties traded 210 contract(s) at a $140.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.6K, with a price of $184.0 per contract. There were 112311 open contracts at this strike prior to today, and today 35549 contract(s) were bought and sold. 
• For RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a call option sweep that happens to be bearish, expiring in 190 day(s) on June 20, 2025. This event was a transfer of 116 contract(s) at a $20.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $259.0 per contract. There were 27100 open contracts at this strike prior to today, and today 29579 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on December 13, 2024. This event was a transfer of 316 contract(s) at a $190.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $85.3K, with a price of $270.0 per contract. There were 10408 open contracts at this strike prior to today, and today 7243 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on December 20, 2024. This event was a transfer of 80 contract(s) at a $450.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $61.3K, with a price of $767.0 per contract. There were 33973 open contracts at this strike prior to today, and today 5331 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on December 13, 2024. Parties traded 200 contract(s) at a $129.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $147.0 per contract. There were 4062 open contracts at this strike prior to today, and today 5078 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, expiring in 1 day(s) on December 13, 2024. This event was a transfer of 44 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $42.9K, with a price of $975.0 per contract. There were 9072 open contracts at this strike prior to today, and today 4439 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 71 day(s) on February 21, 2025. Parties traded 450 contract(s) at a $260.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $237.7K, with a price of $528.0 per contract. There were 8117 open contracts at this strike prior to today, and today 4066 contract(s) were bought and sold. 
• Regarding IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on December 13, 2024. Parties traded 500 contract(s) at a $31.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $57.5K, with a price of $115.0 per contract. There were 574 open contracts at this strike prior to today, and today 1411 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on January 17, 2025. Parties traded 499 contract(s) at a $13.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $56.0 per contract. There were 6081 open contracts at this strike prior to today, and today 1391 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option trade with bearish sentiment. It expires in 99 day(s) on March 21, 2025. Parties traded 600 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $1.7 million, with a price of $2920.0 per contract. There were 1985 open contracts at this strike prior to today, and today 950 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

IONQ

10 Information Technology Stocks Whale Activity In Today's Session

Financial giants have made a conspicuous bearish move on AppLovin. Our analysis of options history for AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) revealed 56 unusual trades.
Delving into the details, we found 28% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 23 were puts, with a value of $1,701,500, and 33 were calls, valued at $6,161,591.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $610.0 for AppLovin over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for AppLovin options trades today is 470.8 with a total volume of 8,176.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for AppLovin's big money trades within a strike price range of $230.0 to $610.0 over the last 30 days.
<h3>AppLovin Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734024747_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$30.2</td>
<td>$29.4</td>
<td>$29.2</td>
<td>$400.00</td>
<td>$1.7M</td>
<td>1.9K</td>
<td align="right">950</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$25.8</td>
<td>$24.1</td>
<td>$24.1</td>
<td>$400.00</td>
<td>$964.0K</td>
<td>595</td>
<td align="right">404</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$30.4</td>
<td>$28.6</td>
<td>$30.0</td>
<td>$400.00</td>
<td>$825.0K</td>
<td>1.9K</td>
<td align="right">280</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$24.7</td>
<td>$23.4</td>
<td>$24.7</td>
<td>$400.00</td>
<td>$534.3K</td>
<td>595</td>
<td align="right">622</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$31.9</td>
<td>$30.0</td>
<td>$30.2</td>
<td>$450.00</td>
<td>$288.7K</td>
<td>1.1K</td>
<td align="right">104</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
In light of the recent options history for AppLovin, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>AppLovin's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,991,800, with APP's price down by -0.5%, positioned at $336.52.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 62 days.</li>
</ul>
<h3>What Analysts Are Saying About AppLovin</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $418.0.
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&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for AppLovin, targeting a price of $480. 
&#x2A; Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on AppLovin with a target price of $435. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on AppLovin, which currently sits at a price target of $360. 
&#x2A; An analyst from Citigroup persists with their Buy rating on AppLovin, maintaining a target price of $335. 
&#x2A; An analyst from Oppenheimer downgraded its action to Outperform with a price target of $480. 
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Smart Money Is Betting Big In APP Options

Herald Chen, President &amp; CFO at AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), executed a substantial insider sell on December 11, according to an SEC filing.
What Happened: Chen's decision to sell 171,951 shares of AppLovin was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001751008/000156218024008311//Archives/edgar/data/1751008/000156218024008311/0001562180-24-008311-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $59,411,675.
In the Wednesday's morning session, AppLovin's shares are currently trading at $318.46, experiencing a down of 0.81%.
<h3>Get to Know AppLovin Better</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
<h3>Understanding the Numbers: AppLovin's Finances</h3>
Revenue Growth: Over the 3 months period, AppLovin showcased positive performance, achieving a revenue growth rate of 38.64% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: With a high gross margin of 77.5%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): AppLovin's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 1.29.
</li>
</ul>
Debt Management: AppLovin's debt-to-equity ratio stands notably higher than the industry average, reaching 3.74. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: AppLovin's current Price to Earnings (P/E) ratio of 97.59 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 26.02, AppLovin's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 56.03 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
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<h3>Uncovering the Importance of Insider Activity</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001751008">Check Out The Full List Of AppLovin's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Decision: Herald Chen Offloads $59.41M Worth Of AppLovin Stock

On December 11, a recent SEC filing unveiled that Herald Chen, President &amp; CFO at AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) made an insider sell.
What Happened: Chen opted to sell 400 shares of AppLovin, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001751008/000156218024008312//Archives/edgar/data/1751008/000156218024008312/0001562180-24-008312-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The transaction's total worth stands at $146,464.
In the Wednesday's morning session, AppLovin's shares are currently trading at $318.5, experiencing a down of 0.8%.
<h3>Unveiling the Story Behind AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
<h3>AppLovin: A Financial Overview</h3>
Revenue Growth: AppLovin's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 38.64%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 77.5%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, AppLovin exhibits below-average bottom-line performance with a current EPS of 1.29.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 3.74, AppLovin faces challenges in effectively managing its debt levels, indicating potential financial strain.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: AppLovin's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 97.59.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 26.02 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 56.03 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>The Insider's Guide to Important Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001751008">Check Out The Full List Of AppLovin's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Transaction: Herald Chen Sells $146K Worth Of AppLovin Shares

Oppenheimer analyst Martin Yang reiterates AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Outperform and maintains $480 price target.

Oppenheimer Reiterates Outperform on AppLovin, Maintains $480 Price Target

THE STOCK ROSE 6.5% FRO THE SIGNAL
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="689" height="611" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09210904/Screen-Shot-2024-12-09-at-4.07.08-PM.png" alt="" class="wp-image-3923" style="width:920px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09210904/Screen-Shot-2024-12-09-at-4.07.08-PM.png 689w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09210904/Screen-Shot-2024-12-09-at-4.07.08-PM-300x266.png 300w" sizes="(max-width: 689px) 100vw, 689px" /></figure>
Applovin corp, (APP) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions.&nbsp;
At 10:36 AM on December 9th, a significant trading signal occurred for Applovin corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) as it demonstrated a Power Inflow at a price of $336.87. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Applovin&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Applovin&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for APP, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
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After Market Close UPDATE:
The price at the time of the Power Inflow was $336.87. The returns on the High ($358.72)&nbsp;and Close ($342.53)&nbsp;after the Power Inflow were&nbsp;6.5% and 1.2%, respectively. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. 
Past Performance is Not Indicative of Future Results

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Monday.
Shares of BioAge Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOA#NASDAQ">BIOA</a>) fell sharply in today's pre-market trading after the company announced discontinuation of STRIDES Phase 2 clinical trial evaluating Azelaprag in combination with Tirzepatide <a href="https://www.benzinga.com/quote/BIOA/news">for the treatment of obesity.</a>
BioAge Labs shares tumbled 68.6% to $6.30 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Palmer Square Capital BDC Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSBD#NASDAQ">PSBD</a>) shares tumbled 18.3% to $13.00 in pre-market trading.</li>
<li>Bicara Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAX#NASDAQ">BCAX</a>) fell 14.7% to $18.00 in pre-market trading after gaining 8% on Friday.</li>
<li>ZJK Industrial Co Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) fell 10.9% to $12.55 in pre-market trading.</li>
<li>Heritage Commerce Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) declined 9.7% to $9.50 in pre-market trading.</li>
<li>Bel Fuse Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) declined 7.1% to $78.00 in pre-market trading.</li>
<li>Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) fell 6.7% to $12.08 in pre-market trading. Riot Platforms announced a proposed private offering of $500 million of convertible senior notes.</li>
<li>ZimVie Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIMV#NASDAQ">ZIMV</a>) fell 6.5% to $13.03 in pre-market trading.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) declined 5.8% to $378.00 in pre-market trading after gaining around 6% on Friday.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/markets/24/12/42380712/how-to-earn-500-a-month-from-oracle-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Oracle Stock Ahead Of Q2 Earnings</a></li>
</ul>

BioAge Labs, Riot Platforms And Other Big Stocks Moving Lower In Monday's Pre-Market Session

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares jumped 51.61% after the company reported second-quarter results, and multiple firms raised their <a href="https://www.benzinga.com//node/42298407" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock escalated 34.59% last week. An internal investigation led by its Special Committee found "no evidence of misconduct or fraud" <a href="https://www.benzinga.com//node/42367077" target="_blank" rel="noreferrer noopener">involving management or the board</a>.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares rose 34.26% after the company reported third-quarter results and <a href="https://www.benzinga.com//node/42352653" target="_blank" rel="noreferrer noopener">issued better-than-expected guidance</a>. Several analysts raised <a href="https://www.benzinga.com/quote/docu/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts for the stock</a>.</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) stock rocketed 27.17% after reporting <a href="https://www.benzinga.com//node/42353379" target="_blank" rel="noreferrer noopener">better-than-expected third-quarter results</a>. Several analysts <a href="https://www.benzinga.com/quote/rbrk/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price forecast on the stock</a>.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) climbed 24.62% after reporting better-than-expected third-quarter earnings, and <a href="https://www.benzinga.com//node/42367217" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a> on the stock.</li>
<li>Pure Storage, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) stock grew 22.51% after the company reported better-than-expected third-quarter financial results and <a href="https://www.benzinga.com//node/42303442" target="_blank" rel="noreferrer noopener">fourth-quarter guidance</a>. Several analysts raised <a href="https://www.benzinga.com/quote/pstg/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares surged 22.46%  after the company reported upbeat earnings for the third quarter and<a href="https://www.benzinga.com//node/42321281" target="_blank" rel="noreferrer noopener"> analysts boosted the price forecast</a>.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) stock rose 21.86% last week on analyst commentary from Needham, which maintained a "Buy" rating and <a href="https://www.benzinga.com//node/42325582" target="_blank" rel="noreferrer noopener">reiterated the $100 price target</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock upped 21.33% last week.</li>
<li>American Airlines Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) shares increased 19.83% after it reported better-than-expected fourth <a href="https://www.benzinga.com//node/42345395" target="_blank" rel="noreferrer noopener">quarter and full-year outlook</a>.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock jumped 19.23% after <a href="https://www.benzinga.com//node/42324175" target="_blank" rel="noreferrer noopener">some analysts</a> boosted <a href="https://www.benzinga.com/quote/app/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast</a>.</li>
</ol>
Photo via Shutterstock

U.S. stocks were mixed, with the Nasdaq Composite gaining more than 100 points on Friday.
Shares of Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) rose sharply during Friday&#8217;s session after the company reported better-than-expected third-quarter financial results and <a href="https://www.benzinga.com/24/12/42368761/whats-going-on-with-ulta-beauty-stock-friday">raised its FY24 outlook</a>.
Ulta Beauty reported quarterly earnings of $5.14 per share, which beat the analyst consensus estimate of $4.54. Quarterly revenue came in at $2.53 billion, which beat the analyst consensus estimate of $2.5 billion and is an increase over sales of $2.49 billion from the same period last year.
Also, Telsey Advisory Group maintained an Outperform rating on the stock and raised its price target from $450 to $500.
Ulta Beauty shares jumped 10.4% to $433.76 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>ZJK Industrial Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) shares jumped 52.5% to $15.39.</li>
<li>Asana, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) jumped 41.6% to $21.89 after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates. Also, Piper Sandler and Baird raised their respective price targets on the stock.</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) gained 33.3% to $71.54 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates. Also, Keybanc maintained an Overweight rating on the stock and raised its price target from $57 to $75.</li>
<li>Nano-X Imaging Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) surged 29.5% to $8.08. Cantor Fitzgerald analyst Ross Osborn maintained Nano X Imaging with an Overweight and raised the price target from $11 to $12.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) gained 28.6% to $4.8465.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) surged 25.9% to $4.0050.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) gained 25.2% to $104.79 after the company reported better-than-expected third-quarter financial results and issued FY25 revenue guidance above estimates.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) climbed 21.5% to $11.58.</li>
<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) gained 20.8% to $2.72 after Rosenblatt maintained a Buy rating on the stock and raised its price target from $3 to $4.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) gained 19.8% to $7.90.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) rose 18.2% to $407.50 following upbeat quarterly earnings.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) gained 15% to $31.77 after the company provided operational updates for November 2024. The company produced 94 BTC for a total of 9,122 on its balance sheet.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) surged 14.7% to $7.94.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose 10.8% to $24.00 after the company reported better-than-expected quarterly financial results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) gained 10.8% to $24.96.</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) gained 10.3% to $255.60 after the company reported a year-over-year increase in third-quarter financial results. Also, Piper Sandler and Needham raised their respective price targets on the stock.</li>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) jumped 9% to $46.91 following third-quarter results.</li>
<li>Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 8.7% to $53.62.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) gained 7.7% to $408.34 after Macquarie maintained an Outperform rating on the stock and raised its price target from $270 to $450.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/12/42364367/how-to-earn-500-a-month-from-oracle-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Oracle Stock Ahead Of Q2 Earnings</a></li>
</ul>

Applovin shares are trading higher after Macquarie maintained an Outperform rating on the stock and raised its price target from $270 to $450.

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