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Why Airbnb Gained 13% in March

TheMotleyFool

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Shares of Airbnb (NASDAQ: ABNB) were among the market winners last month, finishing up 13% according to data from S&P Global Market Intelligence.

There wasn't any major news that pushed Airbnb shares higher, but several different items contributed to the gains. Like other growth stocks, Airbnb fell through the first week of the month on broader fears about the economy, but the travel stock rebounded strongly through the second half of March.