APP is trading at $415.62 (-4.01%) as a broad market selloff intensifies following Iran's closure of the Strait of Hormuz.
- Brent crude surged to $82 per barrel after the strategic waterway was blocked, trapping vessels and fueling global energy supply fears.
- Major indices are down sharply in a risk-off move, with the S&P 500 falling 1.90% and the Nasdaq dropping 2.14%.
- There is no company-specific news for AppLovin; the stock is tracking the wider market after showing early weakness in the pre-market at $414.13 (-4.35%).