Infobird (IFBD) Stock Is Up Over 100%: What's Going On?
Portfolio Pulse from Henry Khederian
Infobird Co Ltd (NASDAQ:IFBD) shares surged by 148% to $6.85 due to volatility following an unexpected delay in its planned reverse stock split, now rescheduled from February 26 to March 4 due to regulatory clearances. The article also provides guidance on how to buy IFBD stock or bet against it.
February 27, 2024 | 2:19 pm
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Infobird Co Ltd's stock experienced a significant surge of 148% to $6.85 following an unexpected delay in its reverse stock split, now scheduled for March 4.
The sharp increase in IFBD's stock price is directly related to the unexpected delay in its reverse stock split, which has caused marked volatility. Investors might see this delay as a temporary setback, potentially leading to speculative trading and increased interest in the stock.
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