AppLovin Stock Soars As Earnings Top Estimates Amid App Advertising Recovery

Key TakeawaysAppLovin shares soared in premarket trading Thursday morning after the app monetization company topped analysts' first quarter expectations and issued a better-than-expected outlook. The company said it saw an improvement in the app advertising market during the quarter and continues to add innovations to its software.Monitor the $88 level, an area on the chart where AppLovin shares may run into resistance from a key horizontal trendline connecting several technically important price points ext ...