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 $97,200 were sold by BALOGH ARISTOTLE N on May 07 ’24. At $162.00 per share, BALOGH ARISTOTLE N sold 600 shares. The insider’s holdings dropped to 219,904 shares worth approximately $32.34 million following the completion of this transaction.
Also, BALOGH ARISTOTLE N sold 600 shares, netting a total of over 96,612 in proceeds. Following the sale of shares at $161.02 each, the insider now holds 220,504 shares.
Before that, BALOGH ARISTOTLE N had sold 600 shares from its account. In a trade valued at $94,344, the Chief Technology Officer traded Airbnb Inc shares for $157.24 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $32.51 million.
As published in a research note from HSBC Securities on May 09, 2024, Airbnb Inc [ABNB] has been rated down from a Buy to a Hold and the price target has been revised to $156 from $160. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of April 11, 2024, The Benchmark Company has initiated its “Buy” rating for ABNB. Earlier on April 11, 2024, Needham downgraded its rating. Their new recommendation was “a Hold” for ABNB stock which previously was a “a Buy”.
Analyzing ABNB Stock Performance
During the last five days, there has been a drop of approximately -7.12%. Over the course of the year, Airbnb Inc shares have jumped approximately 8.01%. 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 $161.32, while a 200-day SMA reached $142.21. Nevertheless, trading volume fell to 14.78 million shares from 2.92 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 145.08, which, if violated, would cause prices to drop to 143.11. In the upper region, resistance lies at 149.51. The next price resistance is at 151.98. RSI (Relative Strength Index) is 33.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.32, which suggests the price will decrease in the coming days. Percent R is at 93.01%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
