AppLovin Stock Price Down Pre-Market as Expected S&P 500 Inclusion Fails to Materialize
Shares of AppLovin Corporation (NASDAQ: APP) are trading down 5.17% in pre-market trading today, a move largely attributed to the company’s unexpected exclusion from the S&P 500 index during the latest rebalancing.
This disappointment, coming after traders had run the stock up in anticipation, has cast a shadow over the mobile gaming and advertising technology company’s recent stellar performance. While AppLovin has enjoyed a meteoric rise over the past year, the current environment demands a closer examination of its underlying fundamentals and future prospects.
The failure to secure a spot in the S&P 500 is a significant setback for AppLovin, as inclusion in the index typically leads to increased visibility, liquidity, and automatic…
