Airbnb Inc’s recently made public that its Chief Technology Officer BALOGH ARISTOTLE N unloaded Company’s shares for reported $13.32 million on Mar 21 ’24. In the deal valued at $169.30 per share,78,682 shares were sold. As a result of this transaction, BALOGH ARISTOTLE N now holds 144,331 shares worth roughly $24.25 million.
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Then, BALOGH ARISTOTLE N sold 600 shares, generating $96,894 in total proceeds. Upon selling the shares at $161.49, the Chief Technology Officer now owns 144,331 shares.
Before that, BALOGH ARISTOTLE N sold 600 shares. Airbnb Inc shares valued at $97,800 were divested by the Chief Technology Officer at a price of $163.00 per share. As a result of the transaction, BALOGH ARISTOTLE N now holds 144,931 shares, worth roughly $24.35 million.
Needham reiterated its Airbnb Inc [ABNB] rating to a Buy in a research note published on February 14, 2024; the price target was $160. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. BMO Capital Markets began covering ABNB with “Market perform” recommendation on January 09, 2024. Barclays revised its rating on December 12, 2023. It rated ABNB as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of ABNB
On Monday, Airbnb Inc [NASDAQ:ABNB] saw its stock jump 0.08% to $167.99. Over the last five days, the stock has gained 3.79%. Airbnb Inc shares have risen nearly 23.40% since the year began. Nevertheless, the stocks have risen 39.64% over the past one year. While a 52-week high of $170.10 was reached on 03/21/24, a 52-week low of $103.55 was recorded on 01/03/24. SMA at 50 days reached $152.79, while 200 days put it at $137.80. A total of 3.21 million shares were traded, compared to the trading of 5.99 million shares in the previous session.
Levels Of Support And Resistance For ABNB Stock
The 24-hour chart illustrates a support level at 166.49, which if violated will result in even more drops to 164.98. On the upside, there is a resistance level at 169.29. A further resistance level may holdings at 170.58. The Relative Strength Index (RSI) on the 14-day chart is 63.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.04%. Stochastics %K at 83.05% indicates the stock is a selling.
How much short interest is there in Airbnb Inc?
A steep rise in short interest was recorded in Airbnb Inc stocks on Feb 29, 2024, growing by 0.98 million shares to a total of 19.67 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 18.69 million shares. There was a rise of 4.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.29.
