AppLovin Stock Falls on Report of SEC Probe
1. AppLovin stock fell 14% to $586.78 due to SEC probe. 2. The SEC is investigating service agreement violations by AppLovin. 3. Short sellers claimed AppLovin violated ad targeting terms of Google and Apple. 4. AppLovin's CEO previously dismissed short seller claims as misleading. 5. The stock had its largest drop since April 4, becoming worst S&P 500 performer.