Why Airbnb Stock Popped 9.5% Today

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In an apparent delayed reaction to a not-well-publicized analyst rating that actually came out yesterday, investors are bidding up shares of recent IPO and virtual hotelier Airbnb (NASDAQ: ABNB) Tuesday afternoon. As of 3:30 p.m. EST, with trading winding down for the day, Airbnb stock is still up a healthy 9.5%.

Why is it up? On Monday, analysts at NYC-based securities broker Tigress Financial announced they have initiated coverage of Airbnb stock with a “buy” rating, reports TheFly.com

Image source: Getty Images.

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