Why AppLovin Stock Soared Another 30% Last Month
APPApplovin(APP) The Motley Fool·2024-11-06 04:41

The business is booming, and Wall Street is taking notice.Shares of mobile-app monetization company AppLovin (APP 4.54%) soared 29.8% in October, according to data provided by S&P Global Market Intelligence. It's a big move, considering the company didn't report financial results or make any other announcements. Rather, the stock was moving higher thanks to Wall Street.For context, AppLovin had a market capitalization of just $3 billion in early 2023. That's too small to garner much attention from the analy ...