APP Stock Recent News

Partnership will Bring New Channels to Viewers, while also Enhancing Cineverse's Monetization and Discovery Capabilities LOS ANGELES , Aug. 15, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced a broad partnership with Wurl, LLC ("Wurl"), a leader in the CTV industry, to distribute its growing portfolio of free, ad-supported streaming television (FAST) channels and launch new channels. The partnership will enable Cineverse to streamline channel launches through seamless integration with Matchpoint, the company's proprietary distribution platform, along with enhanced monetization which will provide Cineverse with future opportunities to expand the company's strategic initiatives around content discovery and personalization.

Last week the market experienced one of the fastest rises in volatility since the Covid-19 pandemic and the Great Financial Crisis. The VIX index rose above 60 on Monday morning, which was a 40-point jump from the day before.

Tech stocks have been booming throughout 2024 due to increased investor attention to new and developing technologies such as generative AI and cloud computing. It has provided a large number of investment opportunities recently and still offers strong growth potential.

Earlier this month, the CBOE Volatility Index or VIX shot higher, indicating extreme pessimism among investors. While not a directional index per say, the VIX measures anticipated market movement.

AppLovin (APP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Picking the best stocks to buy requires a selection based on solid fundamentals that create long-term value. These stock leaders' financial strength, operational efficiency and growth trajectories make them standout picks for potential high returns.

The market has been in pullback mode since mid-July, with the correction accelerating as the yen carry trade unwound. Despite a bounce from Aug. 5 lows, the S&P 500 is still down over 5% from its highs, while most growth stocks have corrected by double-digit percentages.

AppLovin (APP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

VITL, APP and HRTG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 12, 2024.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.