Airbnb Inc’s filing revealed that its Director Gebbia Joseph unloaded Company’s shares for reported $29.38 million on Dec 03 ’24. In the deal valued at $137.12 per share,214,285 shares were sold. As a result of this transaction, Gebbia Joseph now holds 0 shares worth roughly $0.0.
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Then, Gebbia Joseph sold 19,448 shares, generating $2,667,195 in total proceeds. Upon selling the shares at $137.14, the Director now owns 2,509 shares.
Before that, Mertz Elinor sold 10,500 shares. Airbnb Inc shares valued at $1,438,185 were divested by the Chief Financial Officer at a price of $136.97 per share. As a result of the transaction, Mertz Elinor now holds 503,738 shares, worth roughly $68.97 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 Friday, Airbnb Inc [NASDAQ:ABNB] saw its stock jump 0.44% to $136.92. Over the last five days, the stock has gained 0.60%. Airbnb Inc shares have risen nearly 0.57% since the year began. Nevertheless, the stocks have risen 1.19% 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 $134.72, while 200 days put it at $142.27.
Levels Of Support And Resistance For ABNB Stock
The 24-hour chart illustrates a support level at 136.03, which if violated will result in even more drops to 135.15. On the upside, there is a resistance level at 138.33. A further resistance level may holdings at 139.75. The Relative Strength Index (RSI) on the 14-day chart is 51.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.66%. Stochastics %K at 63.69% 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 2024-11-15, dropping by -0.43 million shares to a total of 13.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.77 million shares. There was a decline of -3.19%, which implies that there is a negative sentiment for the stock.
