Previous Close | 39.46 |
Open | 39.06 |
Bid | 0.00 x 2900 |
Ask | 0.00 x 4000 |
Day's Range | 36.78 - 39.70 |
52 Week Range | 27.04 - 116.09 |
Volume | |
Avg. Volume | 2,268,118 |
Market Cap | 13.985B |
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 |
AppLovin Inc. shares soared Thursday for their best one-day gain after Wall Street supported the app-monetization company's plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation.
Shares of AppLovin Corporation (NASDAQ: APP), a marketing platform, skyrocketed today after the company reported its first-quarter financial results. Surprisingly, AppLovin missed Wall Street's consensus estimate for both its top and bottom lines and cut its revenue guidance for the full year. Investors were instead focused on the fact that AppLovin's management said that it's open to selling the company's Apps business.
AppLovin says its review 'could result in the retention, restructure or sale of certain assets, or no change at all to our Apps portfolio.'