Why Digital Turbine Stock Plummeted Today
From Nasdaq.: 2025-06-20 19:31:00
Digital Turbine stock (NASDAQ: APPS) experienced significant sell-offs, closing down 14.6% amid declines in the S&P 500 and Nasdaq Composite indices. Investors sold shares following an earnings rally, driven by profit-taking and geopolitical concerns. Despite initial gains, the stock turned bearish due to various risk factors and profit motives. Digital Turbine projects revenue growth of 6% and EBITDA growth of 21% for the current fiscal year. However, continued volatility is expected due to geopolitical tensions. The Motley Fool’s Stock Advisor team did not include Digital Turbine in their list of top 10 stocks for investors to buy now.
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