Airbnb Stock Takes Off After Earnings, Revenue Top Expectations—Watch These Price Levels
Key Takeaways
- Airbnb shares moved sharply higher in early trading Friday after the short-term rentals company topped Wall Street’s fourth quarter earnings and revenue expectations amid robust demand across global markets.
- The stock has broken out from a flag pattern this week, a chart pattern that indicates a continuation move higher.
- Investors should watch important overhead areas on Airbnb’s chart around $170 and $210, while also following key support levels near $155 and $135.
Airbnb (ABNB) shares moved sharply higher in early trading Friday after the short-term rentals company topped Wall Street’s fourth quarter earnings and revenue expectations amid robust demand across global markets.
