Applovin Corporation (NASDAQ:APP) shares are down on Tuesday, reflecting a broader market trend as major indices struggle. The stock is caught in a broader sell-off, with the Nasdaq down 1.21% and the technology sector declining significantly.
Stock Market Dips On Trump’s Greenland, Tariff Rhetoric
U.S. stocks moved lower as President Donald Trump threatened tariffs against European allies and suggested the U.S. could pursue control of Greenland, increasing concerns around geopolitical and trade tensions.
According to AP News, Trump said eight European countries would face a 10% tariff for opposing U.S. control of Greenland, prompting a strong response from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland. In a joint statement, the countries warned the move “undermine transatlantic relations and risk a dangerous downward spiral.”
European leaders said recent troop deployments to Greenland for a Danish military exercise posed “no threat to anyone” and emphasized their willingness to engage in dialogue grounded in sovereignty and territorial integrity. European Union officials echoed those concerns following emergency talks and signaled readiness to respond to any form of economic coercion.
Trump has described Greenland as critical to U.S. national security and indicated tariffs could be used as leverage to force talks over the territory, adding to uncertainty around U.S.-Europe relations and weighing on broader market sentiment.
Investigative Report Raises Money Laundering Concerns
Market chatter has recently pointed to AppLovin following the circulation of an investigative report alleging potential money laundering and compliance concerns tied to the company’s shareholder structure.
The report, which describes itself as a forensic investigation, claims AppLovin may have been used as a destination for illicit funds originating from China and Southeast Asia through complex offshore entities and advertising-related transactions. It alleges that certain major shareholders could be connected to funds derived from illegal fundraising, gambling and cross-border financial crimes and that these funds were ultimately integrated into U.S. capital markets through AppLovin’s equity and revenue streams.
The report further alleges weaknesses in anti-money laundering controls and raises questions about whether some shareholder disclosures and revenue sources were adequately vetted under global AML standards. The claims have not been adjudicated in court, and no formal findings by U.S. regulators have been disclosed.
Benzinga has reached out to Applovin for comment.
Technical Analysis Of AppLovin
Currently, the stock is trading 9.3% below its 20-day simple moving average (SMA) and 4.6% below its 100-day SMA, indicating a bearish short-term trend. Over the past 12 months, shares have increased by 68.08%, and they are currently positioned closer to their 52-week highs than lows, suggesting some underlying strength despite the current pullback.
The RSI is at a neutral level, indicating that the stock is neither overbought nor oversold. Meanwhile, the MACD is below its signal line, which suggests bearish pressure on the stock.
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Applovin, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 88.72/100) — Stock is outperforming the broader market.
- Value: Risk (Score: 6.31/100) — Trading at a steep premium relative to peers.
The Verdict: Applovin’s Benzinga Edge signal reveals a classic ‘High-Flyer’ setup. While the Momentum (88) confirms the strong trend, the extremely low Value (6) score warns that the stock is priced for perfection—investors should ride the trend but use tight stop-losses.
APP Price Action: At the time of writing, Applovin shares are trading 0.54% lower at $565.35, according to data from Benzinga Pro.
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