Airbnb's Stock (NASDAQ: ABNB) Customer Building their own base

Airbnb's stock (NASDAQ: ABNB) Rags-2-Riches 32 % in Last 12 Months after a short report.

Investors have shown a lot of interest in the stock of Airbnb's stock (NASDAQ: ABNB) since it went public in December 2020. The company's stock price started at $68 per share during its initial public offering, and since then, it has skyrocketed by 223%.

Professional hosts on Airbnb's stock (NASDAQ: ABNB) are now creating their own booking platforms to offer more affordable deals and avoid using Airbnb's stock (NASDAQ: ABNB) . They are also increasing their email lists and distribution channels , while providing loyalty discounts to customers who book directly through their platforms.

This trend is aimed at reducing their reliance on Airbnb's stock (NASDAQ: ABNB) and building their own customer base. In February, the shares of ABNB reached their highest point in nine months. The company's fourth-quarter results were released on February 14, causing the stock to surge by 13% on that day. At one stage in February

The Airbnb's stock (NASDAQ: ABNB) stock almost recovered half of the 138-point decrease from its peak of 219.94.Initially, the ABNB stock seemed to be supported by the 10-week moving average, which is a significant technical level.

The stock price broke through the 10-week line and is currently being tested by the 40-week line, which rises gradually and behaves similarly to the 200-day moving average on a daily chart.

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