Shares of AppLovin Corporation (APP) plummeted 9.15% in pre-market trading on Wednesday, following the release of short reports from research firms Culper Research and Fuzzy Panda Research. The short sellers alleged issues with AppLovin's business model and operations, sparking investor concerns.
Culper Research and Fuzzy Panda Research both published brief statements stating they are taking short positions on AppLovin stock. While specific details were limited, the announcements suggest the firms have identified potential problems or overvaluations with the mobile app technology company.
Broader market sentiment also appeared to weigh on AppLovin and other popular "momentum" stocks. Analysts have warned that a sell-off could occur in shares that have seen massive gains driven by leveraged positioning from retail traders. As certain high-flying names face headwinds, a reduction in risk exposure could spread more widely.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。