Benzinga | Feb 8, 2021 03:30PM EST

Why Airbnb's Stock Is Trading Higher Today

Airbnb (NASDAQ:ABNB) shares are trading higher Monday amid travel demand optimism as the COVID-19 vaccine rollout continues.

Airbnb is a vacation rental company. The travel restrictions from COVID-19 hurt the company in early 2020. Since then, the company's filing shows a recovery in July, August and September, with nights booked down 28% year-over-year compared to triple-digit declines in the earlier 2020 months.

Airbnb shares were trading up 2.55% at $200.28. The stock has a 52-week high of $216 and low of $121.50.