$ABNB-0.2% joined the S&P 500 index in early September, which shot it up more than 10%. In recent days, however, it has been gradually writing off those gains. Do you think this was a good move for the S&P500? Definitely for $ABNB-0.2%, although it's hard to say whether it will keep the % it has gained.
Airbnb
ABNBCapital Structure
Market Cap
98.3B
Enterpr. Val.
92.8B
Valuation
P/E
20.4
P/S
9.6
As others have written here, if the company will qualify, why not. Of course, I would say it was a good move and we will see how the company's stock does going forward.
Diversification for the index is definitely fine, but I wonder how long it will qualify to be in the index.
If it meets the conditions to be in the index, it belongs there.
But I think it's good that this move will help diversify the index...
The question is how long it will last in the index :)
He's holding them pretty well so far. But if the indices go down, the stock could close the resulting gap. That would be a nice opportunity to enter the trade.