Why AI Stock AppLovin Crushed It on Monday
Adtech company AppLovin (NASDAQ: APP) was an outlier on the stock market in the best way as the trading week kicked off. On Monday, following a new and rather bullish note from a researcher tracking its fortunes, AppLovin's stock bounced almost 5% higher. That handily beat the S&P 500 (SNPINDEX: ^GSPC), which had a good if not spectacular day with a 0.5% rise.
Before market open, Jefferies published a fresh report on AppLovin. In it, a team of pundits led by James Heaney reiterated its buy recommendation on the stock, citing numerous reasons to continue being optimistic about its future.
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Source Fool.com
