Applovin Corp (NASDAQ:APP) stock was last seen up 1.9% at $469.19, extending last session's 13.2% pop after short seller CapitalWatch apologized and retracted statements made in a report last month that accused shareholder Hao Tang of financial crimes. This news comes just ahead of Applovin's fourth-quarter earnings report, due out after the close tomorrow, Feb. 11.
Applovin stock has a stellar history of post-earnings moves, finishing higher after all eight of its last reports. The stock averaged an 18.5% move higher during these sessions, while the options pits are pricing in a 21.9% swing this time around. Analysts have high expectations this quarter amid advancements in AI and e-commerce growth, with Zacks Research anticipating earnings of $2.89 per share -- a year-over-year increase of 67.05%.
After an extended pullback, APP is down 29.9% in 2026. The shares are on track for a third-straight win today and already boast a 15.5% lead for this week. The good news for those looking to buy in on the dip is that short interest still represents 5.8% of the stock's available float, and would take shorts over three days to cover, at APP's average pace of trading.
