Airbnb Inc’s recently made public that its Chief Strategy Officer Blecharczyk Nathan unloaded 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 sold. As a result of this transaction, Blecharczyk Nathan now holds 184,326 shares worth roughly $24.37 million.
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Then, Blecharczyk Nathan bought 156,924 shares, generating $22,753,980 in total proceeds.
Before that, Mertz Elinor sold 6,250 shares. Airbnb Inc shares valued at $851,437 were divested by the Chief Financial Officer at a price of $136.23 per share. As a result of the transaction, Mertz Elinor now holds 524,572 shares, worth roughly $69.34 million.
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 fall -0.23% to $132.19. Over the last five days, the stock has lost -3.79%. Airbnb Inc shares have fallen nearly -2.90% since the year began. Nevertheless, the stocks have risen 4.68% 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 $131.30, while 200 days put it at $143.12.
Levels Of Support And Resistance For ABNB Stock
The 24-hour chart illustrates a support level at 131.36, which if violated will result in even more drops to 130.54. On the upside, there is a resistance level at 133.23. A further resistance level may holdings at 134.28. The Relative Strength Index (RSI) on the 14-day chart is 46.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.92%. Stochastics %K at 10.20% indicates the stock is a buying.
How much short interest is there in Airbnb Inc?
A steep rise in short interest was recorded in Airbnb Inc stocks on 2024-10-31, growing by 0.98 million shares to a total of 14.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.8 million shares. There was a rise of 6.63%, which implies that there is a positive sentiment for the stock.
