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Raymond James gives a Mkt perform recommendation for Airbnb Inc (ABNB)

Airbnb Inc’s filing revealed that its Officer Blecharczyk Nathan acquired Company’s shares for reported $22.75 million on Nov 07 ’24. In the deal valued at $145.00 per share,156,924 shares were bought.

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Then, Mertz Elinor sold 6,250 shares, generating $851,437 in total proceeds. Upon selling the shares at $136.23, the Chief Financial Officer now owns 524,572 shares.

Before that, Mertz Elinor bought 6,250 shares. Airbnb Inc shares valued at $851,438 were divested by the Officer at a price of $136.23 per share.

A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”an Underweight”‘ rating. Argus also remained covering ABNB and has decreased its forecast on September 04, 2024 with a “Hold” recommendation from previously “Buy” rating. Wedbush revised its rating on May 28, 2024. It rated ABNB as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of ABNB

On Monday, Airbnb Inc [NASDAQ:ABNB] saw its stock jump 2.07% to $137.40. Over the last five days, the stock has gained 0.39%. Airbnb Inc shares have risen nearly 0.93% since the year began. Nevertheless, the stocks have risen 18.94% over the past one year. While a 52-week high of $170.10 was reached on 03/21/24, a 52-week low of $110.38 was recorded on 08/07/24. SMA at 50 days reached $129.54, while 200 days put it at $143.49.

Levels Of Support And Resistance For ABNB Stock

The 24-hour chart illustrates a support level at 135.29, which if violated will result in even more drops to 133.19. On the upside, there is a resistance level at 139.33. A further resistance level may holdings at 141.27. The Relative Strength Index (RSI) on the 14-day chart is 53.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 64.71%. Stochastics %K at 49.07% indicates the stock is a holding.

How much short interest is there in Airbnb Inc?

A steep rise in short interest was recorded in Airbnb Inc stocks on 2024-10-15, dropping by -0.54 million shares to a total of 13.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.31 million shares. There was a decline of -3.93%, which implies that there is a negative sentiment for the stock.

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