Should You Buy These Travel Stocks While They're Down?
The pandemic devastated the travel industry in 2020 as many tourism-related businesses sharply curtailed their activity or shut down altogether. While many travel stocks have recovered as the U.S. economy has reopened, others such as Airbnb (NASDAQ: ABNB) and Carnival Cruise Lines (NYSE: CCL) continue to lag. Given this situation, investors should take a closer look at these stocks to see whether their current valuations offer buying opportunities or imply further troubles to come.
Airbnb IPOed late last year, and after surging higher during its first two months on the market, it has pulled back. Now, it trades for around $137, below the level on Dec. 10 -- its first day of trading.
Source Fool.com