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Why AppLovin Stock Was Moving Higher Today

TheMotleyFool

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Why AppLovin Stock Was Moving Higher Today: https://g.foolcdn.com/editorial/images/855603/digital-ads-ad-tech.jpg

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

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