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Stock impact report

Why AppLovin Stock Is Sinking Today [Yahoo! Finance]

Applovin Corporation - Class A (APP) 
Company Research Source: Yahoo! Finance
The stock is also selling off due to new analyst forecasts from Edgewater Research. Following 43% sales growth last year, Edgewater sees AppLovin's growth slipping to 18% this year. The stock of AppLovin (NASDAQ: APP) is getting hit with big sell-offs in Wednesday's trading. The ad tech company's share price was down 5.9% as of 1:15 p.m. ET today. The S&P 500 and Nasdaq Composite were down 0.9% and 1.7%, respectively. AppLovin stock had been down as much as 14.8% earlier in the session. AppLovin is losing ground today amid a sell-off for the broader market driven by the latest data on U.S. gross domestic product ( GDP ). The stock is also being hurt by bearish coverage that was published by an analyst this morning. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The U.S. Commerce Department released GDP data for the first quarter today that showed an unexpected contraction. GDP shrank 0.3 Show less Read more
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