Applovin Shares Surge to Record High Ahead of S&P 500 Inclusion

Applovin shares continued their remarkable ascent on Friday, closing at an unprecedented high. The stock advanced 4.52 percent, fueled by anticipation of its imminent addition to the prestigious S&P 500 index.

The market is watching closely as Applovin prepares for its official induction into the S&P 500 on Monday, September 22. In the days leading up to this significant corporate milestone, the equity surged to a new 52-week and all-time peak of $653.06.

This index inclusion is widely regarded as a major catalyst for continued price appreciation. The event compels institutional money managers and passive index funds that track the S&P 500 to purchase the stock, creating a substantial wave of new demand. Since the initial announcement by S&P... Read more...