Homebuilders Fall, AppLovin Lower, Oracle Sinks on Thin Margins
On this episode of Stock Movers: - DR Horton (DHI), Toll Brothers (TOL) and KB Home (KBH) are among homebuilding names downgraded to inline from outperform at Evercore ISI as analyst Stephen Kim cites depressed home-buying sentiment. Shares of the homebuilders fell in Tuesday trading. - AppLovin (APP) shares fall after news that the Securities and Exchange Commission has been probing AppLovin's data-collection practices, according to people familiar with the matter. - Oracle (ORCL) shares fell after a report that the company's profit margin in its cloud computing business is lower than…
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