AppLovin Corp. (NASDAQ: APP)stock jumped 166% after a strong earnings report in November. That made APP stock the top performer among stocks in the NASDAQ 100 in 2024. But after that spectacular surge to close out 2024, the stock is down nearly 4% in the last month, as short interest jumped over 3%.
Analysts have mixed opinions on the stock. Questions are arising over concerns that the company’s revenue and earnings growth will start to slow in the next several quarters. And with expectations of tough comparisons to 2024, you can understand why some investors are looking to take some money off the table.
