AppLovin Pulled Back 16% in June. Is It a Buy?
2026-07-08 16:40:00 ET
Shares of AppLovin (NASDAQ: APP) were moving lower last month, even after several positive analyst notes, as headwinds in the software sector weighed on the stock.
While AppLovin isn't a traditional software-as-a-service ( SaaS ) company, the stock has tracked with the sector this year as it trades at a high valuation, and some investors believe it faces AI disruption risks similar to those of the big cloud software companies.
As a result, AppLovin finished last month down 16%, according to data from S&P Global Market Intelligence . As you can see from the chart below, the stock trended with the iShares Expanded Tech-Software Sector ETF (NYSEMKT: IGV) , in which it's one of the top ten holdings.
NASDAQ: APP
APP Trading
1.17% G/L:
$429 Last:
4,616,531 Volume:
$429.74 Open:
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