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Benzinga

Business

Henry Khederian

What's Going On With AppLovin Stock Today?

Jakarta,-,August,15,2024:,Applovin,Corporation,Logo,Signboard.,Is,An

AppLovin Corp (NASDAQ:APP) shares are trading marginally lower Wednesday despite the stock still seeing a gain of over 36% in the past month.

What To Know: The mobile technology company’s recent rally was fueled by two major catalysts. On September 8, it was announced that AppLovin, along with Robinhood Markets Inc, will be added to the S&P 500 index, effective September 22. Inclusion in the benchmark index typically leads to increased demand from institutional investors and index funds.

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