US Stock Market Move | AppLovin (APP.US) rose by over 6% to hit a new all-time high.

On Thursday, AppLovin (APP.US) rose more than 6% during trading, with its stock price reaching above $300, hitting a new all-time high. As of the time of writing, it has since retreated to a 1.53% gain, at $288.63. In terms of news, AppLovin's previous quarterly report showed a revenue of $1.198 billion, a 39% increase year-on-year, exceeding market expectations of 5.9%; net profit was $434 million, a 300% increase year-on-year.