A look at the top 20 most-searched stocks on Benzinga Pro in March. While many had news in the month that could affect rankings, the trends could be a sign of what's to come.
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Shares of mobile app advertising platform AppLovin (NASDAQ: APP)
jumped 9.2% in the pre-market session after CEO Adam Foroughi responded to the concerns raised by short-seller Muddy Waters regarding the company's ad targeting methods and competitiveness. He noted that the short seller's report's bias "lies in omission, not evidence."
AppLovin Corporation (NASDAQ: APP) shares are trading higher friday as the stock appears to be reversing after initially dropping 20% earlier in the week following a short-seller report from Muddy Waters.
Shares of mobile app advertising platform AppLovin (NASDAQ: APP)
fell 14.9% in the afternoon session after short-seller Muddy Waters revealed a short position in the company and issued a report that raised concerns about APP's ad targeting methods and competitive strengths. This report aligned with concerns raised by Culpers Research and Fuzzy Panda earlier in the year.
AppLovin shares traded lower Thursday after short seller Muddy Waters issued a critical report on the company. Benzinga has reached out to AppLovin for comment on the Muddy Waters report.
