What's Going On With Bird Global Stock?
Portfolio Pulse from Ryan Gustafson
Bird Global, Inc. (NYSE:BRDS) shares fell sharply on Wednesday following a surge in price on Tuesday due to the company's announcement of its acquisition of Skinny Labs, Inc. The stock experienced above-average trading volume of 2.84 million shares on Wednesday compared to its average volume of 498,502. Shares of BRDS were down 31.8% at $0.98 at the time of publication.
September 20, 2023 | 6:48 pm
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NEGATIVE IMPACT
Bird Global's stock fell sharply after the announcement of its acquisition of Skinny Labs. The stock experienced above-average trading volume.
The sharp fall in Bird Global's stock price is likely due to investors selling off their shares after the initial surge in price following the acquisition announcement. The high trading volume indicates a high level of investor interest and activity in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100