Why Airbnb Tumbled Almost 9% This Week
Shares of Airbnb (NASDAQ: ABNB) fell 8.6% this week compared to where they closed out last Friday, according to data from S&P Global Market Intelligence, although there was no company-specific news to trigger the decline.
More likely it was the sell-off in the broader market that pushed the stock of the vacation rental company lower. The Dow Jones Industrial Average was down 4.7% for the week while the S&P 500 index fell nearly 6%.
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Source Fool.com