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On May 13, 2025,
(APP) saw a significant surge in trading volume, with a total of $35.67 billion in shares exchanged, marking a 30.13% increase from the previous day. This surge placed Applovin at the 19th position in terms of trading volume for the day. The stock price of Applovin rose by 6.38%, marking its second consecutive day of gains and a total increase of 12.65% over the past two days.The recent rally in Applovin's stock price can be attributed to several factors. Momentum stocks like Applovin have been experiencing a surge, with short positions being covered and investors eager to capitalize on the upward trend. This phenomenon, often referred to as FOMO (Fear Of Missing Out), has driven significant buying activity in the stock.
Additionally, Goldman Sachs raised their price target for Applovin, which contributed to the stock's mid-day trading surge. This positive analyst sentiment has further fueled investor confidence in the company's prospects.
In after-hours trading, Applovin's shares rose by 13% following the announcement that the company's advertising segment revenue exceeded management guidance by 11% during the first quarter. This strong performance has reinforced investor optimism about Applovin's financial health and growth potential.

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