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Market Impact: 0.32
AppLovin Drops 5% as Edgewater Warns Market Share Growth Has Stalled; Magnite Slips, Trade Desk Slips 3%
Source: 247wallst.com
Analyst InsightsTechnology & InnovationCompany Fundamentals
AppLovin shares fell 5% to $310.70 in Wednesday morning trading after Edgewater Research warned that the ad-tech company's market-share gains appear to have stalled. Magnite shares also declined 1.5% to $24, indicating modest negative read-through for the digital advertising technology sector.
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