Will Russia-Ukraine Tensions Prove a Buying Opportunity for Airbnb Stock?
Airbnb is a US-based conglomerate that runs an online marketplace to let travelers book housing properties around the world for purposes such as lodging, primary homestays, vacation rentals, and tourism activities. The Airbnb stock price has been on a roller-coaster since its debut in January 2021. It hit a high of $206 in February 2021 just before the second wave of the pandemic. It then fell to $140 in May as the second way halted travel around the world. On February 16, 2022, it was up to $186. Then Russia invaded Ukraine, and the stock has lost around 30% in just over 20 days.