Why Applovin (App) Is Tumbling Today
AppLovin (APP) is sinking 11% but well off its lows of the day after two short sellers released negative reports about the firm. The company, which assists app developers with marketing their offerings, had been down 23% this morning. Separately, investment bank Loop Capital on Feb. 20 meaningfully raised its price target on APP.
- The swift reversal in sentiment highlights the volatile nature of short selling and the importance of staying informed about market developments before making investment decisions.
- What are the potential implications for retail investors who may have been caught off guard by the sudden shift in AppLovin's stock price, and how can they protect their portfolios in the face of such uncertainty?