Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Airbnb Inc shares valued at $80,106 were sold by BALOGH ARISTOTLE N on Oct 15 ’24. At $133.51 per share, BALOGH ARISTOTLE N sold 600 shares. The insider’s holdings dropped to 193,444 shares worth approximately $26.31 million following the completion of this transaction.
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Also, Chesky Brian sold 38,460 shares, netting a total of over 5,152,486 in proceeds. Following the sale of shares at $133.97 each, the insider now holds 13,200,529 shares.
Before that, BALOGH ARISTOTLE N had added 600 shares to its account. In a trade valued at $80,106, the Officer bought Airbnb Inc shares for $133.51 each.
Analysts at Cantor Fitzgerald started covering the stock with ‘”an Underweight”‘ outlook in a report released in early September. As of September 04, 2024, Argus has decreased its “Buy” rating to a “Hold” for ABNB. Earlier on May 28, 2024, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for ABNB stock which previously was a “a Neutral”.
Analyzing ABNB Stock Performance
During the last five days, there has been a surge of approximately 2.42%. Over the course of the year, Airbnb Inc shares have dropped approximately -0.09%. Shares of the company reached a 52-week high of $170.10 on 03/21/24 and a 52-week low of $110.38 on 08/07/24. A 50-day SMA is recorded $122.68, while a 200-day SMA reached $143.69. Nevertheless, trading volume fell to 3.79 million shares from 3.69 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 135.20, which, if violated, would cause prices to drop to 134.39. In the upper region, resistance lies at 136.74. The next price resistance is at 137.47. RSI (Relative Strength Index) is 64.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.51, which suggests the price will increase in the coming days. Percent R is at 9.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
