fromTipRanks Financial
1 week ago'Buy the Pullback' in AppLovin Stock (APP), Says Top Bank of America Analyst - TipRanks.com
According to Bloomberg, the SEC probe followed a whistleblower's complaint and several short seller reports issued earlier this year. Dessouky thinks that the selloff following the news presents "a particularly attractive buying opportunity based on what we know today." The 5-star analyst contends that the absence of an SEC or company disclosure and no Form 8-K filing suggest that the probe may still be "an informal, information gathering exercise," rather than a formal investigation.
Business