Why AppLovin Was Moving Higher Today

Shares of AppLovin (APP 6.25%) were among the winners today after the fast-growing ad tech company received an endorsement from Citigroup, which called it a top pick.That news was enough to send the stock up 6.5% as of 3:05 p.m. ET. AppLovin gets a boostAppLovin has been volatile. The stock, which was a breakout winner last year, is now up against high expectations in a chaotic advertising and economic environment.However, Citi's note today clearly gave the stock a boost. The bank reaffirmed AppLovin as a t ...