Applovin surges 7.25% in two days, ranks 27th in trading volume as investors eye securities fraud class action lawsuit

On April 8, 2025, Applovin (APP) saw a trading volume of 26.37 billion, ranking 27th in the day's stock market activity. The stock price rose by 1.32%, marking the second consecutive day of gains, with a total increase of 7.25% over the past two days.

Investors who have incurred losses in Applovin have the opportunity to lead a securities fraud class action lawsuit. The lawsuit alleges that the defendants provided material information concerning Applovin's financial growth and stability. Investors who suffered losses have until May 5, 2025, to request that the Court appoint them as lead plaintiff. This move could potentially allow them to share in any recovery from the lawsuit.

According to the complaint, the defendants are accused of failing to disclose material information during the class period, which violates federal securities laws. The lawsuit was filed in the United States District Court for the Northern District of California on behalf of investors who purchased or otherwise acquired Applovin securities between May 10, 2023, and February 5, 2025.