Why AppLovin Stock Is Sinking Today

The stock of AppLovin (APP -6.07%) is getting hit with big sell-offs in Wednesday's trading. The ad tech company's share price was down 5.9% as of 1:15 p.m. ET today. The S&P 500 and Nasdaq Composite were down 0.9% and 1.7%, respectively. AppLovin stock had been down as much as 14.8% earlier in the session.AppLovin is losing ground today amid a sell-off for the broader market driven by the latest data on U.S. gross domestic product (GDP). The stock is also being hurt by bearish coverage that was published b ...