AppLovin Corporation ($APP) is set to join the Nasdaq-100 Index beginning November 18, 2024. Following this announcement, shares of AppLovin experienced a notable increase, touching a high of 10% in overnight trading and showing a pre-market gain of 4.1%. The stock has been a focal point for traders, with discussions highlighting the strategy of 'buy the rumor, sell the news' as it approaches its inclusion in the index. Observers noted that the stock opened lower but gradually gained throughout the day, reflecting investor confidence ahead of the upcoming index change. Analysts suggest that AppLovin could see further price movement, with some projecting a target of $300 or more in the near future as market sentiment remains positive.