Airbnb Inc’s recent filing unveils that its CEO and Chairman Chesky Brian unloaded Company’s shares for reported $0.28 million on Dec 11 ’24. In the deal valued at $140.03 per share,2,009 shares were sold. As a result of this transaction, Chesky Brian now holds 12,575,830 shares worth roughly $1.66 billion.
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Then, Chesky Brian sold 38,461 shares, generating $5,288,072 in total proceeds. Upon selling the shares at $137.49, the CEO and Chairman now owns 12,577,839 shares.
Before that, Bernstein David C sold 1,000 shares. Airbnb Inc shares valued at $137,000 were divested by the Chief Accounting Officer at a price of $137.00 per share. As a result of the transaction, Bernstein David C now holds 40,581 shares, worth roughly $5.37 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 Tuesday, Airbnb Inc [NASDAQ:ABNB] saw its stock jump 0.03% to $132.24. Over the last five days, the stock has lost -4.38%. Airbnb Inc shares have fallen nearly -2.86% since the year began. Nevertheless, the stocks have fallen -9.80% 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 $135.82, while 200 days put it at $141.59.
Levels Of Support And Resistance For ABNB Stock
The 24-hour chart illustrates a support level at 131.21, which if violated will result in even more drops to 130.18. On the upside, there is a resistance level at 132.94. A further resistance level may holdings at 133.64. The Relative Strength Index (RSI) on the 14-day chart is 43.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.69%. Stochastics %K at 17.74% 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 2024-11-29, dropping by -0.69 million shares to a total of 14.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 14.78 million shares. There was a decline of -4.88%, which implies that there is a negative sentiment for the stock.
