Why Did Applovin Plunge 15.02% Amid Short Seller Attacks?

Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 30, 2025 9:22 am ET1min read

On April 30, 2025, Applovin's stock experienced a significant drop of 15.02% in pre-market trading, reflecting a notable decline in investor sentiment.

Recent developments have put

under considerable pressure. Analysts have downgraded their ratings following a barrage of short seller attacks and an investor lawsuit. These negative sentiments have contributed to the stock's recent decline.

Despite the challenges, Applovin is expected to report earnings of $1.45 per share for the current quarter, marking a substantial year-over-year increase of 116.4%. This positive earnings outlook may provide some support for the stock in the coming days.

Wells Fargo's Alec Brondolo recently lowered the price target for Applovin by 28.3%, from $538 to $386, while maintaining a strong buy rating. This adjustment reflects the current market uncertainties and the impact of recent negative news on the stock's valuation.

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