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Shares of mobile app advertising platform AppLovin (NASDAQ ... Being included in the index means that the stock will likely be held by many mutual funds and ETFs, which could potentially drive ...

AppLovin (APP) stock is rising after investment bank Benchmark defended the company from negative reports against it by two short-sellers. APP assists app developers with marketing their offerings.

APP shareholders were getting giddy after a mesmeric rise from ~$50 to over $500 per share. However, the stock has plunged 50% since its February peak and now trades around $250 per share.