Why AppLovin Stock Jumped 46% in May
Shares of AppLovin (NASDAQ: APP), the app-based adtech platform, were soaring last month as the company reported strong first-quarter earnings report, and benefited from a broader recovery in the market and a risk-on mentality as investors downplayed the threat from tariffs and of a slowdown in the economy.According to data from S&P Global Market Intelligence, the stock finished last month up 46%. As you can see from the chart, the stock gained over several stages during May.Continue reading
Shares of AppLovin (NASDAQ: APP), the app-based adtech platform, were soaring last month as the company reported strong first-quarter earnings report, and benefited from a broader recovery in the market and a risk-on mentality as investors downplayed the threat from tariffs and of a slowdown in the economy.
According to data from S&P Global Market Intelligence, the stock finished last month up 46%. As you can see from the chart, the stock gained over several stages during May.
