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Could This Low-Performing Stock Make You a Millionaire One Day?

TheMotleyFool

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Could This Low-Performing Stock Make You a Millionaire One Day?: https://g.foolcdn.com/editorial/images/767803/person-on-computer-in-cabin_airbnb.jpg

Since the start of 2023, the stock market has been benefiting from tremendous investor optimism. Credit could go to the expectation of lower interest rates or the belief that the economy has proven to be resilient.

Riding this momentum, Airbnb (NASDAQ: ABNB) shares have soared 84% in the last 14 months. The alternative accommodations platform is posting strong financial results as demand remains robust.

But investors who bought shares at the initial public offering in December 2020 have only registered a gain of 10% (as of March 1). That seriously lags the 31% rise of the Nasdaq Composite Index.

Source Fool.com

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