Why Airbnb Stock Skyrocketed Wednesday

Investors in new IPO and vacation rental website Airbnb (NASDAQ: ABNB) have had a rough week so far, as their shares continued to tumble from a post-IPO high of $165 hit last week, finally ending below $125 last night. But the morning dawned bright today.

As of 11:30 a.m. EST, Airbnb stock is up nearly 12%.

Image source: Getty Images.

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Source Fool.com