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Why Airbnb Stock Dropped This Week

TheMotleyFool

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Shares of Airbnb (NASDAQ: ABNB) were down 13.3% week to date through Thursday's market close, according to data provided by S&P Global Market Intelligence.

The slide coincided with a recent spike in COVID-19 cases, which could potentially dampen demand for travel. Perhaps the bigger news this week was a downgrade from one analyst who doesn't see an attractive risk/reward trade-off at these price levels.

Image source: Getty Images.

Source Fool.com

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