Previous close | 14.17 |
Open | 14.25 |
Bid | 14.22 x 900 |
Ask | 14.43 x 1000 |
Day's range | 13.6850 - 14.35 |
52-week range | 9.14 - 58.27 |
Volume | |
Avg. volume | 3,047,331 |
Market cap | 5.259B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Investors need to pay close attention to AppLovin (APP) stock based on the movements in the options market lately.
AppLovin (NASDAQ: APP) shares beat the market this week, rising over 20% through Thursday trading compared to a 1.3% decline in the wider market, according to data provided by S&P Global Market Intelligence. The latest rally was sparked by a fourth-quarter earnings update that showed stability in AppLovin's business. Sales for Q4 fell 11% to $702 million as many of its business lines remained pressured by slowing advertising spending and weaker in-game spending.
Investors were eager to snatch up shares of AppLovin (NASDAQ: APP) after the company reported its fourth-quarter results. The company, which helps app developers monetize their apps with advertising, reported mixed results for the quarter, but investors reacted to the AppLovin's better-than-expected revenue guidance of the first quarter. AppLovin's fourth-quarter sales fell 11.5% to $702.3 million, but that was good enough to beat the consensus estimate of $689.9 million.