Airbnb stock has dazzled investors since its Nasdaq debut in December last year. From its initial public offering price of $68 per share, ABNB stock soared as much as 223%, hitting an all-time high of 219.94 on Feb. 11.
And on the final trading day of June, ABNB looked ready to make another bullish move ahead of its upcoming second-quarter results on Aug. 12 after the close.
Airbnb stock staged a terrific reversal on June 30, turning an early mild loss into a 4.8% gain in accelerating turnover. That cut the stock’s loss for the second quarter to nearly 19%. On the same day, the stock also retook a key technical level on its chart: the 50-day moving average.
So, is Airbnb stock a buy now? Read More
The post Airbnb Stock: Is It A Buy? Here’s What Fundamentals, ABNB Stock Chart Action Say appeared first on Investor’s Business Daily.