Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Airbnb Inc shares valued at $5,587,341 were purchased by Chesky Brian on Dec 23 ’24. At $133.59 per share, Chesky Brian acquired 41,826 shares.
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Also, Gebbia Joseph sold 214,285 shares, netting a total of over 28,260,141 in proceeds. Following the sale of shares at $131.88 each, the insider now holds 1,285,715 shares.
Before that, Chesky Brian had sold 2,009 shares from its account. In a trade valued at $281,319, the CEO and Chairman traded Airbnb Inc shares for $140.03 each. Upon closing the transaction, the insider’s holdings decreased to 2,009 shares, worth approximately $1.7 billion.
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 surge of approximately 2.00%. Over the course of the year, Airbnb Inc shares have dropped approximately -0.93%. 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 $135.64, while a 200-day SMA reached $140.82. Nevertheless, trading volume fell to 1.68 million shares from 3.71 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 133.52, which, if violated, would cause prices to drop to 132.06. In the upper region, resistance lies at 135.76. The next price resistance is at 136.54. RSI (Relative Strength Index) is 50.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 40.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
