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Don't Count Airbnb Stock Out Yet
ABNBAirbnb(ABNB) Schaeffers Research·2024-05-14 16:58

Airbnb Inc (NASDAQ:ABNB) stock is down 1.1% to trade at 147.53atlastcheck,asthesharescontinuetostrugglefollowinganegativepost−earningsreactionearlierthismonth.Infact,overthelastweekoftrading,theequityhasshed7.5147.53 at last check, as the shares continue to struggle following a negative post-earnings reaction earlier this month. In fact, over the last week of trading, the equity has shed 7.5%. The 146 level is keeping the stock in check, however, and this latest pullback could have bullish implications.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, Airbnb stock is within one standard deviation of its 126-day moving average, whi ...