AppLovin Pulled Back 16% in June. Is It a Buy?

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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool