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ABNB Stock: Steer Clear of Overvalued Airbnb Stock

April 7, 2021 Airbnb (NASDAQ: Source: BigTunaOnline / Shutterstock.com Airbnb went public on Dec. 10 at $68. Less than four months later, it trades at $182. That’s a cool 167% return in less than four months. Yes, a first-day “pop” of 112% accounts for a chunk of the gains, and most investors couldn’t buy at that $68 price. But even off the first-day close of $145, ABNB stock still has returned more than 25%. It’s a rally that I don’t believe makes much sense. And it�...
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