Sempra Energy
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Utilities : Multi-Utilities | Large Cap Value
Company profile

Sempra Energy is an energy infrastructure company. The Company invests in, develops and operates energy infrastructure, and provides electric and gas services to customers through regulated public utilities. The Company’s segments are San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra Liquefied Natural Gas (LNG). SDG&E provides electric services and natural gas services. SoCalGas owns and operates a natural gas distribution, transmission and storage system that supplies natural gas. Sempra Mexico segment includes energy infrastructure business. Sempra LNG develops, builds, operates and invests in natural gas liquefaction export facilities, including natural gas pipelines and infrastructure, and buys, sells and transports natural gas through its marketing operations, all within North America. Sempra Texas Utilities includes its investment in Oncor Holdings.

Closing Price
$131.17
Day's Change
0.91 (0.70%)
Bid
--
Ask
--
B/A Size
--
Day's High
131.39
Day's Low
130.31
Volume
(Light)
Volume:
556,213

10-day average volume:
1,278,128
556,213

Airbnb stock drops more than 6% as post-IPO lockup ends

2:04 pm ET May 17, 2021 (MarketWatch)
Print

By Levi Sumagaysay

Stock trading lower than first day of trading as insiders receive right to sell shares

Airbnb Inc.'s stock fell sharply Monday as the company's post-IPO lockup expired, meaning insiders can now sell shares.

Before this lockup expiration, about 40% of shares held by Airbnb (ABNB) insiders had already been unlocked, analysts from Susquehanna International Group said in a note to investors.

Airbnb shares were down more than 6% in Monday trading, hovering around $132.10. That's about 8.7% lower than the closing price of $144.71 on IPO day. The company's stock is off 9% year to date and has fallen about 34% in the past three months. Meanwhile, the S&P 500 index is seeing a more than 10% increase so far this year.

The lodging-booking platform went public in December (https://www.marketwatch.com/story/airbnb-stock-more-than-doubles-after-ipo-making-it-worth-more-than-larger-rival-booking-11607626276), several months after it lost about 80% of its business during the early days of the COVID-19 pandemic that wiped out travel around much of the world. Since then, though, the San Francisco-based company has recovered as its customers booked stays closer to home, or long-term rentals for working remotely. Last week, Airbnb reported first-quarter results (https://www.marketwatch.com/story/airbnb-earnings-sales-and-bookings-show-strong-growth-as-travel-makes-a-comeback-11620936924?mod=levi-sumagaysay) that included sales and booking growth, and Chief Executive Brian Chesky said he expected a rebound "unlike anything we've seen before."

Out of 26 analysts surveyed by FactSet, 11 have a buy rating on Airbnb stock, 13 say hold, one rates it a sell, and one considers it overweight. The average price target Monday was $166.04.

-Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

May 17, 2021 14:04 ET (18:04 GMT)

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