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What's Going On With Airbnb Shares Tuesday?
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What's Going On With Airbnb Shares Tuesday?
Aug 6, 2024 11:23 AM

Airbnb, Inc. ( ABNB ) is in the spotlight ahead of earnings on Tuesday. Here’s a look at what you need to know.

What To Know: Analysts estimate an EPS of 91 cents and revenue of $2.73 billion for the 2024 fiscal year second quarter.

Airbnb ( ABNB ) has beat analyst estimates for revenue for the last seven earnings reports. It missed analyst estimates for revenue by .28% for the 2022 fiscal year second quarter. The company has beat analyst estimates for EPS for at least the last ten earnings reports.

What Else: The company’s stock traded lower on Monday, along with other stocks in the hotel, restaurant and leisure sector, amid market weakness due to concerns related to the U.S. economy. The stock traded at about $123 throughout Monday.

Airbnb’s stock is currently trading slightly higher compared to Monday at approximately $129. Its 50 day moving average is $146.37 and its 52 week range is from $113.23 to $170.1. The stock’s average session volume is 4.24 million which it is currently trading below at 2.19 million.

How To Buy Airbnb Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Airbnb ( ABNB ) 's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Related Link: Wynn Resorts Gears Up for Q2 Earnings: What’s in Store?

ABNB Price Action: As of Tuesday morning, Airbnb ( ABNB ) shares are trading 4.64% higher at $131.13 per data from Benzinga Pro.

Image: Courtesy of Airbnb ( ABNB )

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