These 5 Stocks are Losing Value Today

2. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 66

Shares of Airbnb, Inc. (NASDAQ:ABNB) hit a new 52-week low of $86.71 today after receiving a price-target cut from JPMorgan. The research firm lowered its price target for Airbnb, Inc. (NASDAQ:ABNB) from $185 per share to $110 per share, citing the deteriorating macro environment and record inflation.

The drop also follows the company’s announcement of permanently banning large gatherings across its globally listed properties. The ban also applies to disruptive parties and open-invite events. Airbnb, Inc. (NASDAQ:ABNB) said it would take strict action against those breaching the new regulations.