AppLovin ( (APP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
AppLovin Corp. shares have experienced a notable rally this year, primarily due to the successful launch of its AXON Ads Manager, which is anticipated to boost non-gaming ad revenue. This positive momentum has led analysts to raise their price targets for the company. However, it’s worth noting that insider sentiment is not as optimistic, with recent selling activities by corporate insiders.
More about AppLovin
YTD Price Performance: 95.99%
Average Trading Volume: 7,067,892
Technical Sentiment Signal: Buy
Current Market Cap: $226.6B
For further insights into APP stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.