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Why AppLovin Stock Is Plummeting Today
APPApplovin(APP) The Motley Fool·2025-01-08 01:53

AppLovin (APP -9.22%) stock is sinking in Tuesday's trading. The company's share price was down 9.6% as of 12:45 p.m. ET, against the backdrop of a 0.8% decline for the S&P 500 (^GSPC -0.90%) and a 1.5% decline for the Nasdaq Composite (^IXIC -1.68%).In addition to bearish momentum for the broader market, AppLovin is seeing a pullback in conjunction with new coverage from Bank of America. The investment giant's lead analyst on the stock suggested that revenue from gaming apps is likely to come in below expe ...