Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why AppLovin Rallied Today

TheMotleyFool

0 0

Why AppLovin Rallied Today: https://g.foolcdn.com/editorial/images/832536/gettyimages-1382541015.jpg

Shares of AppLovin (NASDAQ: APP) rallied double digits on Monday, up 11.6% on the day.

AppLovin has had a strong recent run, despite a bevy of short-sellers going after the mobile game digital ad company earlier this year. Investors appear to have shrugged off or disbelieved the short thesis on the stock, however, with shares up 68.5% on the year and the company's market cap levitating to a whopping $184 billion.

The rally has enabled AppLovin to be included in the S&P 500 (SNPINDEX: ^GSPC), which was announced Friday after the close of trading.

Source Fool.com

Like: 0

APP

Share