App-based advertising technology middleman AppLovin (APP -8.94%) certainly wasn't feeling any love from the market on Thursday. In fact, investors were outright hating it.
AppLovin Corp APP shares are under pressure on Thursday after being targeted by a short report from The Bear Cave. Here's a look at what you need to know.
Here is how AppLovin (APP) and Palantir Technologies Inc. (PLTR) have performed compared to their sector so far this year.
AppLovin (APP -8.45%) hasn't gotten the attention of Nvidia and some other artificial intelligence (AI) stocks recently, but you might be surprised to learn that the stock has outperformed Nvidia by a wide margin since the start of 2023
AppLovin NASDAQ: APP, one of the hottest stocks in the market in 2024, just had another fantastic quarter. In the two days following the stock's Feb. 12 earnings release, shares spiked 34%.
AppLovin (APP -2.77%) stock soared last year as the company's artificial intelligence (AI) products delivered excellent growth.
Smart investors are drawn to stock splits for two reasons. Most obviously, splits make stocks cheaper by reducing the share price.
Hedge funds have piled into AppLovin, which helps apps monetize their offerings. Regulatory filings show Viking, D1, and Coatue started or grew positions in the fourth quarter.
ROKU, APP and FINW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 31, 2024.
AppLovin Corporation's revenue increased by 43% and net income surged 343% in FY24, driven by a 75% growth in ad revenue. Investors were rewarded with a $2.1B share repurchase. AppLovin stock trades at a price-to-book ratio near 160 and a price-to-sales ratio of 37.5, implying that its premium valuation is based more on brand prestige than on fundamentals. Technical indicators, notably an RSI above 80, signal potential near-term pullbacks amid moderated growth, warranting caution for investors.
Investors in The Trade Desk (TTD -2.15%) were seeing red on Thursday as the stock plunged, but they were also green with envy.
Nvidia (NVDA 2.63%) shares have advanced 180% since January 2024 amid incredible demand for its artificial intelligence platforms. But billionaire Israel Englander, CEO of hedge fund Millennium Management, sold down his position in the fourth quarter, while buying shares of AppLovin (APP 8.15%), an AI stock up 1,180% since January 2024.