AppLovin stock bounces 3% after sharp slide as SEC probe headline lingers
AppLovin shares rose 3.3% to $393.20 Tuesday after plunging 9.1% the previous day, with trading volume dropping to 4.54 million shares. The stock remains down 49% from its December high amid an ongoing SEC probe into alleged breaches of service agreements, according to Barron’s. CFO Matthew Stumpf and CTO Vasily Shikin disclosed routine share withholding for taxes on vested stock units.