Stock Of The Day: Where Is The Bottom For Airbnb?

Airbnb, Inc. (NASDAQ:ABNB) dropped by almost 8% on Wednesday after announcing a senior management change, but it may have found a bottom. That is why it is Benzinga’s Stock of the Day.An interesting dynamic in financial markets is that certain price levels carry greater weight than others. These are called support and resistance levels. If a trader can identify them, it could lead to profitable trading.At a support level, there is a large amount of buying interest or shares to be bought. This is why downtre ...