The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Airbnb Inc shares valued at $96,930 were sold by BALOGH ARISTOTLE N on Apr 09 ’24. At $161.55 per share, BALOGH ARISTOTLE N sold 600 shares. The insider’s holdings dropped to 222,304 shares worth approximately $36.77 million following the completion of this transaction.
Also, BALOGH ARISTOTLE N sold 600 shares, netting a total of over 96,426 in proceeds. Following the sale of shares at $160.71 each, the insider now holds 143,131 shares.
Before that, BALOGH ARISTOTLE N had sold 22,170 shares from its account. In a trade valued at $3,750,633, the Chief Technology Officer traded Airbnb Inc shares for $169.18 each. Upon closing the transaction, the insider’s holdings decreased to 22,170 shares, worth approximately $23.78 million.
As published in their initiating research note from The Benchmark Company on April 11, 2024, Airbnb Inc [ABNB] has been a Buy and the price target has been revised to $190. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid April. As of April 03, 2024, B. Riley Securities has initiated its “Neutral” rating for ABNB. Earlier on February 14, 2024, Needham resumed its rating. Their recommendation was “a Buy” for ABNB stock.
Analyzing ABNB Stock Performance
During the last five days, there has been a surge of approximately 4.14%. Over the course of the year, Airbnb Inc shares have jumped approximately 21.51%. Shares of the company reached a 52-week high of $170.10 on 03/21/24 and a 52-week low of $130.82 on 01/03/24. A 50-day SMA is recorded $157.74, while a 200-day SMA reached $140.09. Nevertheless, trading volume fell to 3.58 million shares from 2.29 million shares the previous day.
Support And Resistance Levels for Airbnb Inc (ABNB)
According to the 24-hour chart, there is a support level at 160.81, which, if violated, would cause prices to drop to 156.19. In the upper region, resistance lies at 168.13. The next price resistance is at 170.83. RSI (Relative Strength Index) is 56.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 39.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Airbnb Inc subject to short interest?
Stocks of Airbnb Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.51 million shares to 19.64 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 19.13 million shares. A jump of 2.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.56.
