Airbnb Inc’s filing revealed that its Chief Technology Officer BALOGH ARISTOTLE N unloaded Company’s shares for reported $96426.0 on Apr 02 ’24. In the deal valued at $160.71 per share,600 shares were sold. As a result of this transaction, BALOGH ARISTOTLE N now holds 143,131 shares worth roughly $22.94 million.
Then, BALOGH ARISTOTLE N sold 22,170 shares, generating $3,750,633 in total proceeds. Upon selling the shares at $169.18, the Chief Technology Officer now owns 143,731 shares.
Before that, BALOGH ARISTOTLE N sold 1,500 shares. Airbnb Inc shares valued at $253,529 were divested by the Chief Technology Officer at a price of $169.02 per share. As a result of the transaction, BALOGH ARISTOTLE N now holds 144,331 shares, worth roughly $23.13 million.
B. Riley Securities initiated its Airbnb Inc [ABNB] rating to a Neutral in a research note published on April 03, 2024; the price target was $150. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid February has reiterated a ‘”a Buy”‘ rating for it. DA Davidson also remained covering ABNB and has decreased its forecast on February 14, 2024 with a “Neutral” recommendation from previously “Buy” rating. BMO Capital Markets started covering the stock on January 09, 2024. It rated ABNB as “a Market perform”.
Price Performance Review of ABNB
On Monday, Airbnb Inc [NASDAQ:ABNB] saw its stock fall -0.93% to $160.27. Over the last five days, the stock has lost -1.90%. Airbnb Inc shares have risen nearly 17.72% since the year began. Nevertheless, the stocks have risen 38.95% 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 $157.01, while 200 days put it at $139.52. A total of 2.3 million shares were traded, compared to the trading of 2.29 million shares in the previous session.
Levels Of Support And Resistance For ABNB Stock
The 24-hour chart illustrates a support level at 159.31, which if violated will result in even more drops to 158.36. On the upside, there is a resistance level at 161.20. A further resistance level may holdings at 162.14. The Relative Strength Index (RSI) on the 14-day chart is 48.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.89%. Stochastics %K at 15.31% indicates the stock is a buying.
How much short interest is there in Airbnb Inc?
A steep rise in short interest was recorded in Airbnb Inc stocks on Mar 15, 2024, growing by 0.51 million shares to a total of 19.64 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 19.13 million shares. There was a rise of 2.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.56.
