Why AppLovin Stock Was Moving Higher Today
Shares of AppLovin (NASDAQ: APP) were moving higher today as the fast-growing adtech company continued to bounce back after last week's sell-off ahead of its fourth-quarter earnings report tomorrow.
Yesterday, the stock jumped after a short-seller, CapitalWatch, retracted its accusation last month that the company was laundering money, and today it got a bullish note from Wall Street.
As of 11:01 a.m. ET, the stock was up 2.7% on the news.
Source Fool.com
