Airbnb stock extends plunge, rival hotel shares also fall in aftermath of Russia's invasion of Ukraine
Shares of Airbnb Inc. took a 6.0% dive in premarket trading Thursday, putting them on track to suffer a fifth-straight decline, as Russia's invasion of Ukraine has triggered selloffs in travel-related stocks. The home-rental company's stock had already plunged 19.6% over the past four sessions. Among other hotel operators, shares of Hilton Worldwide Holdings Inc. dropped 3.3%, Marriott International Inc. sank 3.4%, Hyatt Hotels Corp. fell 4.3%, InterContinental Hotels Group PLC shed 4.5% and Wyhdham Hotels & Resorts Inc. slid 4.6%. The selloff comes as futures for the S&P 500 slumped 2.8% toward a nine-month low.
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