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 $22,753,980 were sold by Blecharczyk Nathan on Nov 07 ’24. At $145.00 per share, Blecharczyk Nathan sold 156,924 shares. The insider’s holdings dropped to 184,326 shares worth approximately $24.8 million following the completion of this transaction.
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Also, Blecharczyk Nathan purchased 156,924 shares, netting a total of over 22,753,980 in proceeds.
Before that, Mertz Elinor had sold 6,250 shares from its account. In a trade valued at $851,437, the Chief Financial Officer traded Airbnb Inc shares for $136.23 each. Upon closing the transaction, the insider’s holdings decreased to 6,250 shares, worth approximately $70.59 million.
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 drop of approximately -8.69%. Over the course of the year, Airbnb Inc shares have dropped approximately -1.16%. 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 $130.62, while a 200-day SMA reached $143.26. Nevertheless, trading volume fell to 4.74 million shares from 4.92 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 132.92, which, if violated, would cause prices to drop to 131.28. In the upper region, resistance lies at 136.43. The next price resistance is at 138.30. RSI (Relative Strength Index) is 49.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.41, which suggests the price will decrease in the coming days. Percent R is at 81.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
