Stock Movers Apple Hits Record; AppLovin, BNP Paribas Sink
Oct 20, 2025
Apple shares soared to a record high in 2025, driven by impressive iPhone 17 sales. Meanwhile, AppLovin faced major setbacks after reports of state regulators investigating potential wrongdoing. The company saw its shares plummet following these revelations. In a separate development, BNP Paribas experienced a significant drop in its ADRs due to a court decision tying it to human rights violations in Sudan, raising concerns about costly settlements. Exciting times in the stock market!
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Apple's iPhone 17 Spurs Record High
- Apple hit its first 2025 record high as iPhone 17 outsold iPhone 16 by 14% in the first 10 days in the U.S. and China.
- Loop Capital upgraded AAPL to buy, reflecting growing optimism around iPhone demand and lifting market sentiment.
Regulatory Probe Sparks AppLovin Sell-Off
- AppLovin shares plunged after reports state regulators contacted short sellers in a possible probe, compounding prior SEC scrutiny.
- The stock remains up strongly year-to-date, but regulatory attention increased near-term volatility.
BNP Faces Legal Risk After Sudan Ruling
- BNP Paribas ADR tumbled after a trial loss linking it to past work in Sudan, raising settlement risk concerns.
- BNP says the ruling should be overturned and it faces no immediate pressure to settle, leaving outcome uncertainty.