What’s happening with Airbnb stock on Tuesday? – Airbnb (NASDAQ:ABNB)

Airbnb, Inc. ANB is in the spotlight ahead of Tuesday’s earnings release. Here’s what you need to know.

What to know: Analysts estimate earnings per share of 91 cents and revenue of $2.73 billion in the second quarter of fiscal 2024.

Airbnb has beaten analyst revenue estimates in its last seven earnings reports. It missed analyst revenue estimates by 0.28% in the second quarter of fiscal 2022. The company has beaten analyst earnings per share estimates in at least ten of its last earnings reports.

What else: The company’s shares traded lower Monday, in line with other hotel, restaurant and entertainment stocks, amid market weakness on concerns about the U.S. economy. The stock traded around $123 throughout Monday.

Airbnb stock is currently trading slightly higher compared to Monday at around $129. The 50-day moving average is $146.37, and the 52-week range is $113.23 to $170.1. The stock has an average trading volume of 4.24 million, currently trading under 2.19 million.

How to Buy Shares in Airbnb

In addition to going to a brokerage to buy a stock — or a fraction of a share — you can also gain exposure to stocks by buying an Exchange Traded Fund (ETF) that holds the stock or by committing to a strategy in your 401(k) plan that involves buying shares of a mutual fund or other instrument.

For example, on Airbnb ANBIn the case of the consumer discretionary sector, the ETF will likely hold shares in a number of liquid and large companies that help track the sector, allowing the investor to gain exposure to trends in the segment.

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ABNB price action: Airbnb shares were trading 4.64% higher at $131.13 on Tuesday morning, according to data from Benzinga Pro.

Photo: Courtesy of Airbnb