Why Airbnb Stock Jumped 9% Today

Why Airbnb Stock Jumped 9% Today
Howard Smith, The Motley Fool

Shares of Airbnb (NASDAQ: ABNB) are up almost 20% just this week, including a 9% bump today, as of 2:20 p.m. EST. The only news out today is an announcement that Airbnb has decided to cancel reservations made for Washington D.C. during the inauguration period, and will prevent any new such reservations from being made. Airbnb will be refunding guests whose reservations have been canceled, and investors may be supporting the company for another aspect of the announcement.