Airbnb stock has intrigued investors in top growth stocks since its debut in December 2020. From an initial public offering price of $68 per share, ABNB soared 223%. ABNB shares in February cruised to nine-month highs.
The Nasdaq Composite posted a sizable 33% loss in 2022, its worst annual performance since the depths of the Great Recession in 2008, when the widely followed index shed nearly 41% of its value. What's encouraging for investors is that the Nasdaq is up 12% so far this year. Innovative travel company Airbnb (NASDAQ: ABNB) is up 35% in 2023, despite being down 20% since its initial public offering.
White sandy beaches, rich cultural histories, and exotic foods. When you consider purchasing an international vacation property to rent to fellow tourists, these all make it sound like an easy...