Why Airbnb Stock Popped 12% Last Month

Chris Neiger, The Motley Fool
·2 min read
Why Airbnb Stock Popped 12% Last Month

Shares of Airbnb (NASDAQ: ABNB) rallied 12.4% last month, according to data provided by S&P Global Market Intelligence, after the company reported its fourth-quarter results. Investors were anticipating a strong fourth quarter from Airbnb and, as a result, they pushed the company's share price up a few days before the earnings release. Then, when Airbnb released its results on Feb. 26, Airbnb's stock continued rising.