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AppLovin (APP) stock is rising after investment bank Benchmark defended the company from negative reports against it by two short-sellers. APP assists app developers with marketing their offerings.

APP shareholders were getting giddy after a mesmeric rise from ~$50 to over $500 per share. However, the stock has plunged 50% since its February peak and now trades around $250 per share.

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AppLovin Corp (APP) is currently one of the highest-momentum tech stocks on the market and, understandably, has elevated implied volatility to match. APP shareholders were getting giddy after a ...

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