Airbnb insiders are selling

What’s going on?

After the market disaster that was 2022, everyone has noticed The US markets strong rally year to date (YTD) in 2023. But almost unnoticed has been an amazingly strong performance in hospitality stocks. The chart below shows YTD performance of selected hospitality stocks, as well as the NASDAQ and The S&P 500

Performance of Airbnb, selected hospitality stocks, year to date to July 21st, 2023, source stockcharts, author