What's Wrong With AppLovin Stock?
AppLovin shares are down more than 50% this year.
Overview
It wasn't all that long ago that AppLovin (NASDAQ: APP) was a top growth stock to own. Last year, for instance, the stock more than doubled in value. The year before that, it was up over 700%. It was a growth beast that looked unstoppable.
The party has seemingly come to a drastic, abrupt end this year, as it has given back a significant chunk of its gains and its valuation has been more than halved. It's now trading around the levels it reached in late 2024.
Details
What's gone wrong for the stock, and can AppLovin recover, or is this a tech stock investors are better off avoiding right now?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.