On December 10, 2020, Airbnb went public with an IPO price of $146 per share. For the first two months after the IPO, the bulls were in action, rallying the price to an all-time high of $219 per share in February 2021. Following this all-time high was a price slump, with the price closing in May 2021 at $140, a price below the IPO. For the next three months after the price closed below the IPO price, the price ranged between $130 and $155.
In September 2021, the price broke out to the upside which initiated a new price rally that allowed the price soar to $212. Despite the gains accrued in the first quarter of the year 2021, the price closed for the year 2021 at $166. January and February 2022 must have made investors even more worried as the two months closed on a bearish note.
March, however, has been comparatively more bullish than the first two months of the year 2022. AirBnB’s share price is currently at $175. From a technical analysis standpoint, if the weekly candlestick closes in the upper region of the Bollinger Bands, we might see a bullish run that will shoot the price above $192 per share.
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