Why Airbnb Stock Is Flying Higher Today

Rich Smith, The Motley Fool
·2-min read
Why Airbnb Stock Is Flying Higher Today

Shares of Airbnb (NASDAQ: ABNB) enjoyed a strong rally today, benefiting from the absence of the bad news that's weighed on the stock for the past week. At 2:50 p.m. EST on Thursday, Airbnb stock was up 10.4%. Airbnb shares have had a rough week, beginning with the company's announcement just prior to the inauguration that it was canceling room reservations in Washington and refunding its hosts for revenue lost from guests who would no longer be coming.