Airbnb, DocuSign Share Spotlight as Nasdaq Falls Again
The stock market's volatility continued on Thursday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) felt the brunt of the damage. As of 1:45 p.m. EST, the Nasdaq was down more than 2.5%, which was the worst performance of any of the major U.S. stock market benchmarks. Investors seemed nervous that many of the companies whose shares have soared in the bull market over the past year could be primed for a pullback.
Amid high-profile tech stocks with recurring revenue models, DocuSign (NASDAQ: DOCU) gave back some of its recent gains. First, though, let's look more closely at the declines in shares of newly public Airbnb (NASDAQ: ABNB), which is set to announce its earnings results after the close of the regular trading session Thursday afternoon.
Shares of Airbnb were down 8% on Thursday afternoon, extending a recent pullback that stretches over the past two weeks. From its high price of around $220 per share, the stock of the vacation rental website are down more than 16%. Yet they're still higher than even their loftiest prices on its first day of trading at its December IPO.
Source Fool.com
