New York, Feb 10, 2026, 10:45 (EST) — Regular session
- AppLovin climbed roughly 3% Tuesday, building on a 13% surge from the previous session.
- CapitalWatch has now walked back sections of its claims regarding shareholder Tang Hao. Jefferies, for its part, described the latest concerns as “overblown.”
- AppLovin’s numbers land after the bell Feb. 11, drawing investors’ focus.
AppLovin Corp jumped roughly 3% to $474.31 Tuesday morning. The move added to a rapid recovery after a critic retracted some previous allegations. Shares have swung between $462.13 and $479.67 in the session.
AppLovin’s shares have been knocked around by short-seller reports—investors betting the stock will drop—right ahead of its quarterly results. Earnings hit this Wednesday, and now traders are weighing if the latest rally marks a real turnaround, or if it’s only the next move in a volatile run.
CapitalWatch has “formally retracted” some of its allegations concerning shareholder Tang Hao, pointing to an internal review that flagged certain claims as falling short of its standards. The outlet added it plans to issue a new report on AppLovin. CapitalWatch stressed it holds no financial stake in the business. But AppLovin isn’t letting the matter drop—after receiving a cease-and-desist letter demanding a retraction, it pushed back. The S&P 500 newcomer, which entered the index late last year, remains roughly 37% off December highs despite Monday’s rally. Shares still sit about 20% higher than they were a year ago. 1
AppLovin finished Monday’s session up 13.2% at $460.38, following the correction and apology, historical pricing data show. 2
Jefferies’ James Heaney isn’t backing down. Even with the stock down 39% for the year, he’s sticking to his buy call and his $860 target. Heaney shrugged off market jitters over CloudX, Meta’s Audience Network, and Google’s Genie, calling those fears “overblown” in his latest note. He’s betting on a big fourth-quarter revenue beat. 3
AppLovin is set to release its Q4 and full-year 2025 numbers after the bell on Wednesday. CEO Adam Foroughi and CFO Matthew Stumpf will take questions during a webcast at 5 p.m. ET. 4
Still, there’s not much margin for error here. If guidance turns conservative—or if fresh allegations start to stick—the stock could slide right back into those January-style air pockets.
Eyes turn now to the Feb. 11 report. Investors will tune in for management’s guidance, especially signals on demand from gaming and e-commerce advertisers, plus any remarks on compliance and data practices if those questions come up.
