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What's Going On With Airbnb Shares Tuesday?
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What's Going On With Airbnb Shares Tuesday?
Oct 2, 2024 10:28 PM

Airbnb, Inc. ( ABNB ) stock is moving lower on Tuesday amid heightening geopolitical tensions after Iran launched a missile attack on Israel.

What To Know: According to CNBC, Iran’s attack is expected to target military and government operations. This attack comes after Israel launched an airstrike attack that killed Hezbollah leader Hassan Nasrallah.

A White House Official told CNBC that, "We are actively supporting defensive preparations to defend Israel against this attack.”

In addition, the U.S. has notified all government employees and their families in Israel to shelter in place. The embassy also told U.S. citizens in the same letter to remain cautious of rocket fire.

The Iranian missile attack at Israel could negatively impact demand for travel related services, including hotels and airlines. The missile attack has effected stocks in other sectors, including oil and defense.

How To Buy Airbnb Shares

By now you're likely curious about how to participate in the market for Airbnb ( ABNB ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

See Also: S&P 500 ETF Titans Drive $691B In 2024 Inflows: Nasdaq, Bitcoin ETFs Close Behind

ABNB Price Action: At the time of publication, Airbnb ( ABNB ) shares are trading 1.70% lower at $124.62, according to data from Benzinga Pro.

Image: Photo via Shutterstock

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