AppLovin (NASDAQ: APP) investors had much to celebrate last month, as shares of the stock jumped 98.8% in November, according to data supplied by S&P Global Market Intelligence. The catalyst that initially lifted AppLovin stock higher was a blockbuster financial report.

AppLovin (NASDAQ:APP) saw its worst day in over two years after the stock was not included in the benchmark S&P 500 index (SP500), despite market speculation that it was a strong contender. For companies to be included in the index,