Why Airbnb Rallied, Then Fell, Then Rallied Again in 2021
It was a year of hills and valleys for Airbnb (NASDAQ: ABNB), the leader in the short-term housing rental space. At several points in 2021, the stock was on pace to outperform the S&P 500.
Although the broad market index would go on to post an increase of 27% for 2021 -- more than twice its historical average annual gain -- Airbnb would end up 13.4% higher, according to data provided by S&P Global Market Intelligence. Not a shabby performance by most standards, but not quite as chic as the benchmark index.
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Source Fool.com
