Applovin shares are soaring Wednesday. Oil prices are sliding on the U.S.‑Iran agreement that could reopen a critical shipping chokepoint.

AppLovin Corp. Class A (APP) is currently at $570.50, up $56.27 or 10.94%

AppLovin stock rallied more than 10% Wednesday, with shares likely helped by positive analyst commentary from Morgan Stanley.

Applovin shares are soaring Wednesday. Oil prices are sliding on the U.S.‑Iran agreement that could reopen a critical shipping chokepoint.