Why Airbnb's Stock Is Trading Higher Today
Airbnb (NASDAQ: ABNB) shares were trading higher Wednesday potentially amid travel demand optimism as the COVID-19 vaccine rollout continues.
Airbnb is a vacation rental company. The travel restrictions from COVID-19 hurt the company in early 2020. Since then, the company's filing shows a recovery in July, August and September, with nights booked down 28% year-over-year compared to triple-digit declines in the earlier 2020 months.
Airbnb shares were trading up 6.52% at $205.30. The stock has a 52-week high of $216 and a 52-week low of $121.50.
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