Airbnb's Stock Is Headed North: A Technical Analysis
Airbnb Inc (NASDAQ:ABNB), a company reliant on travel, went public Dec. 10 in the middle of a pandemic. That didn’t stop traders and investors piling in to drive its share price up 50% over the following two months. On Thursday, after the market closed, Airbnb printed its first-quarter 2021 earnings results and posted a surprise beat. Mass vaccinations have allowed travel to reopen and Airbnb’s revenue increased 5% over the fourth quarter of 2020. The company reported a loss of 1.95 per share and revenue of $886.9 million compared to an estimate of $714.4 million. The stock has been in de...
Source: benzinga.com