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.
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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