DFH - How Did These 2 Hot Nasdaq Stocks Miss the Rally Monday?
The stock market was in full rally mode to start off the month of March, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was a big beneficiary of the bounce from last week's pressure. As of 2:30 p.m. EST, the Nasdaq had climbed nearly 3%, leading other major market benchmarks higher.
As you'd expect on a bullish day, nearly every major stock in the Nasdaq was higher, and even those that weren't generally didn't post notable declines. Yet two stocks in particular stood out for giving up ground today -- all the more so because their prospects look just as good now as ever. Let's look more closely at Airbnb (NASDAQ: ABNB) and Dream Finders Homes (NASDAQ: DFH) to see what, if anything, kept them on the sidelines of Monday's bull market move.
Airbnb shares were down 4% Monday afternoon after having been down as much as 7% earlier in the day. The newly public online travel company has gotten a lot of fanfare from investors in its first few months of trading, but it seems that some shareholders are worried about just how far the stock has climbed.
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How Did These 2 Hot Nasdaq Stocks Miss the Rally Monday?