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Is AppLovin a Buy After Announcing the Acquisition of MoPub? -Breaking

by Mike Robinson

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© Reuters. AppLovin: Is it a buy after the acquisition of MoPub announced?

The shares of software company AppLovin (APP) have surged in price over the past few days after the company announced impressive third-quarter earnings and investors’ optimism was buoyed by its announcement that it plans to acquire MoPub. The stock can rally in the face of stiff competition. Continue reading. AppLovin Corporation, a mobile app technology company based in Palo Alto (Calif.), had a disappointing debut to the stock exchange on April 15th 2021. Its shares fell 18.5% that day. However, the stock has gained 28.9% in price over the past month and 97.3% over the past three months to close Friday’s trading session at $112.36.

Also, its shares soared to hit their 52-week high of $116.09 on November 11, 2021, on the back of impressive third-quarter earnings and investors’ optimism surrounding its proposed acquisition of MoPub from Twitter, Inc. (NYSE:).

The Schall Law Firm announced that in April 2021 it was investigating APP for possible securities law violations. Additionally, other competitors such as Unity Software Inc. (U), Playtika Holding Corp.(PLTK) are threatening the company. So, the stock’s near-term prospects look uncertain.

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