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Investor's Business Daily

Investor's Business Daily

Momentum Stock AppLovin Tumbles After Getting Rejected

Investor's Business Daily
Summary
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AppLovin ( APP ) stock fell Monday after failing to get added to the S&P 500 during the index's quarterly rebalancing.

The company's software platform enables app developers to market, monetize and analyze their apps.

APP stock dropped 14.7% to close at 342.54 on Monday .