Investors are always seeking new methods to uncover valuable market insights. One promising avenue is tracking the download metrics of companies' mobile applications. With thousands of investors searching for the next big opportunity, understanding how app performance can predict stock market movements is a key advantage.
Top Performers in the App Stores
The recent surge in mobile app downloads for certain companies has brought attention to their stocks. Pod Point Group Holdings Plc, for instance, saw an increase of 66.78% in downloads, yet their stock dropped by 6%. Foot Locker, on the other hand, experienced a 19.17% jump in app downloads and a slight 1% stock increase. Wingstop reported a 1600% increase, making it one of the top performers in user growth, though their stock decreased by 15%. Vivid Seats also saw a notable hike in downloads by 764%, aligning with a 1% stock increase.
Bottom Performers and Their Stocks
Conversely, companies witnessing a fall in app downloads have faced mixed market outcomes. Thomson Reuters and Asana's download reductions of 77% and 40%, respectively, correlated with stock decreases of 2%. Interestingly, Inseego Corp, despite a 46% drop in app downloads, ironically saw their stock value increase by 10%, suggesting other factors at play. The same anomaly occurred with Hibbett Sports, whose stock remained stable despite a decrease in downloads by 74%. DraftKings Inc. observed a double downturn with a 39% download dip and a 7% stock price decline, underscoring the potential impact app trends can have on market performance.
The correlation between app downloads and stock prices is not always direct but can provide crucial clues to upcoming trends. Investors should consider mobile app performance as part of a sophisticated data set to sharpen their trading strategies and uncover hidden opportunities in the stock market.
Top Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Pod Point Group Holdings Plc PODP.L |
30,096 6678.4% |
£12.84 5.5% |
5 |
 |
Foot Locker FL |
159,416 1917.4% |
$22.07 1.1% |
4 |
 |
Wingstop WING |
416,447 1600.1% |
$281.09 15% |
6 |
 |
Auddia AUUD |
1,920 1252.1% |
$0.5 9.3% |
4 |
 |
Vivid Seats SEAT |
293,434 764% |
$3.51 0.6% |
5 |
Bottom Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Thomson Reuters TRI |
25,020 76.5% |
$164.43 2.5% |
6 |
 |
Hibbett Sports HIBB |
15,751 74.3% |
$87.49 0% |
5 |
 |
Inseego Corp. 0A52.L |
1,932 46% |
$11.64 10% |
5 |
 |
Asana ASAN |
105,260 39.5% |
$23.65 2.1% |
5 |
 |
DraftKings Inc. 0ABA.L |
1,034 39.3% |
$39 7.5% |
5 |
The toplists are ordered by change in percentage of the company's app downloads over the last week. Only companies with more than 1000 app downloads are included.
