AppLovin stock heads into Monday under a short-seller shadow as Fed week nears
AppLovin shares closed Friday at $524.41, down 22% since Dec. 31, after short-seller CapitalWatch alleged ties to money laundering. The company denied the claims but the stock slipped another 0.7% in after-hours trading. AppLovin’s S&P 500 inclusion has amplified volatility. Investors await the Fed meeting Jan. 27-28 and the company’s February earnings report.