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 $94,344 were sold by BALOGH ARISTOTLE N on Apr 23 ’24. At $157.24 per share, BALOGH ARISTOTLE N sold 600 shares. The insider’s holdings dropped to 221,104 shares worth approximately $36.04 million following the completion of this transaction.
Also, BALOGH ARISTOTLE N sold 600 shares, netting a total of over 93,498 in proceeds. Following the sale of shares at $155.83 each, the insider now holds 221,704 shares.
Before that, BALOGH ARISTOTLE N had sold 600 shares from its account. In a trade valued at $96,930, the Chief Technology Officer traded Airbnb Inc shares for $161.55 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $36.24 million.
As published in a research note from Mizuho on April 24, 2024, Airbnb Inc [ABNB] has been rated up from a Neutral to a Buy and the price target has been revised to $200 from $150. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of April 11, 2024, Needham has decreased its “Buy” rating to a “Hold” for ABNB. Earlier on April 03, 2024, B. Riley Securities initiated its rating. Their recommendation was “a Neutral” for ABNB stock.
Analyzing ABNB Stock Performance
During the last five days, there has been a surge of approximately 1.82%. Over the course of the year, Airbnb Inc shares have jumped approximately 19.74%. 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 $159.97, while a 200-day SMA reached $141.53. Nevertheless, trading volume fell to 2.4 million shares from 3.46 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 160.43, which, if violated, would cause prices to drop to 157.85. In the upper region, resistance lies at 164.66. The next price resistance is at 166.31. RSI (Relative Strength Index) is 54.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.47, which suggests the price will increase in the coming days. Percent R is at 28.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
