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Why AppLovin Stock Jumped 28% in May

TheMotleyFool

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AppLovin (NASDAQ: APP) beat the market by a wide margin last month. The stock rose 28% compared to a 0.55% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence.

A rally in the second half of the month pushed the mobile game developer's stock back above the level where it closed its first day of trading in mid-April, though it has yet to return to positive territory relative to its $80 IPO price.

Image source: Getty Images.

Source Fool.com

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