Airbnb Inc (ABNB)

Airbnb Inc Stock (ABNB) dropped by 6.47% from $136.56 to $127.73 in the trading on Tuesday October 3, 2023. The reason why stock ABNB down is due to a downgrade by KeyBanc. KeyBanc downgraded Airbnb stock from overweight to sector weight. Analysts there admit that Airbnb has benefited greatly from the rebound in leisure travel that came about after pandemic-era restrictions on travel started to lift.

Airbnb's stock fell 12% this week due to concerns about its growth prospects after a short report questioned its competitive position based on guest complaints about poor rental experiences.

https://www.fool.com/investing/2023/04/07/why-airbnb-stock-dropped-this-week/#:~:text=The%20main%20pressure%20on%20the,for%20the%20travel%20booking%20platform.