Why AppLovin Stock Dived by 4% Today
Investors were not lovin' what they heard from an analyst who's tracked the company for some time.
Overview
A new research note sounding a cautionary note about AppLovin (NASDAQ: APP) drove the adtech company's stock down on Wednesday. Investors clearly took the analysis to heart, selling out of the shares to leave them with a 4% loss that trading session.
Edgewater Research's Joe Wittine was the person behind that note, and his warning was that AppLovin is not expanding its market share.
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Details
Source
Originally published at www.fool.com.
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