This Is What Whales Are Betting On Airbnb
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 78% of the spotted trades being bearish. The whales have been targeting a price range from $90.0 to $150.0 for Airbnb over the last 3 months. The current price of ABNB is down -3.84% at $126.64. Needham and Wells Fargo have downgraded their actions on Airbnb with price targets of $150 and $99 respectively.
July 06, 2023 | 3:47 pm
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Airbnb has seen a bearish stance from a major investor, with a targeted price range of $90-$150. The stock is currently down -3.84% at $126.64. Analysts from Needham and Wells Fargo have downgraded their actions on Airbnb.
The bearish stance taken by a major investor, along with the downgrades from Needham and Wells Fargo, could negatively impact Airbnb's stock price in the short term. The targeted price range by whales also indicates a potential downward trend.
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