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Stock impact report

Jim Cramer on AppLovin: “It Is a Very Fine Business, By the Way, With Fantastic Growth, Impressive Profitability” [Yahoo! Finance]

Applovin Corporation - Class A (APP) 
Company Research Source: Yahoo! Finance
laggards for the first quarter . Cramer explained why the stock fell off despite it being a good business. The Mad Money host commented: Second-worst performer, wow, much-loved company AppLovin, down almost 41%. This is a former market darling, which helps mobile game developers and other digital businesses to grow their reach and monetize their platforms through advertising. Had the business to itself. It's honestly, it is a very fine business, by the way, with fantastic growth, impressive profitability. But the stock got really expensive. Entering this year, it was selling for more than 45 times earnings. That left the stock of AppLovin very vulnerable. If your stock has a high multiple and there's even a whiff of concern that it could be displaced by AI, then investors will sell first and ask questions later. A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels AppLovin Corporation (NASDAQ:APP) provides a Show less Read more
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