NEW YORK, January 2, 2026, 11:00 ET — Regular session
- AppLovin shares fell about 6.9% to $627.52, sharply lagging a modestly higher Nasdaq 100.
- The stock extended a late-December slide after breaking below $700, a level traders viewed as support.
- Investors are watching technical levels and the next earnings update, listed by Investing.com for Feb. 18.
AppLovin Corp (NASDAQ: APP) shares fell nearly 7% on Friday, bucking a broadly firmer U.S. tape in the first trading session of 2026.
The move extends a late-December pullback that pushed the stock through $700, a level traders had treated as “support” — a price floor where buyers have tended to step in. Nasdaq
That matters now because AppLovin has traded as a high-momentum advertising software name, and breaks in momentum often sharpen swings as funds rebalance early in a new year. Trefis
Shares were down 6.9% at $627.52 in mid-morning trading, after touching a session low of $627.52. The stock opened at $683.50 and traded as high as $688.36.
AppLovin ended the prior session on Dec. 31 at $673.82 and has slipped each session since it closed below $700 on Dec. 29, according to Nasdaq historical data. Nasdaq
Investment research firm Trefis said the slide reflected year-end profit-taking and a “technical breakdown” — chart-driven selling that can accelerate when widely watched price levels give way. Trefis
The drop also stood out against a mixed backdrop for ad-tech names. The Trade Desk was down about 2.2% and Magnite fell roughly 1.3%, while Unity Software rose about 1.4%.
AppLovin, headquartered in Palo Alto, California, describes itself as an advertising industry leader offering end-to-end tools that help businesses reach and monetize audiences. SEC
Investors have also kept an eye on regulatory scrutiny. Reuters reported in October that the U.S. Securities and Exchange Commission had been probing AppLovin’s data-collection practices, after a Bloomberg report. Reuters
The next scheduled catalyst is the company’s earnings update. Investing.com lists AppLovin’s next report date as Feb. 18, though timing can shift if the company updates its calendar. Investing
For traders, the $700 area is back in focus as a potential resistance level after the break. A sustained move below the day’s low near $628 would leave the mid-$600s as the next zone many investors are likely to watch for buying support.
The broader backdrop was calmer: the Nasdaq 100 tracking fund was up about 0.5% and the S&P 500 ETF rose about 0.3% in morning trade. That left AppLovin’s move looking largely stock-specific, with positioning and technical levels setting the tone.
