Airbnb stock has intrigued investors looking for the best growth stocks since it debuted on the market in December 2020. From an initial public offering price of $68 per share, ABNB has soared 223%. On Feb. 11, 2021, shares of this large Nasdaq-listed company hit an all-time high of 219.94.
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But this year’s significant gains — and growing signs that the travel accommodation innovator is working to build a new base — suggest that things are changing.
In mid-February, ABNB stock hit a nine-month high. The day after fourth-quarter results were released on Feb. 14, they were up 13%.
At one point in February, ABNB stock climbed to 144 points and came close to erasing half of its 138-point drop from its peak of 219.94.