Why Infobird Stock Is Gliding Higher
Portfolio Pulse from Erica Kollmann
Infobird Co. Ltd. (NASDAQ:IFBD) announced an equity acquisition agreement with Shangri-La Trading Limited to acquire 65% of Pure Tech Global Limited for $40 million. The acquisition is expected to close in July 2024. Infobird shares are experiencing heavy trading volume, with significant short interest adding to price volatility.
July 02, 2024 | 3:09 pm
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Infobird Co. Ltd. (NASDAQ:IFBD) announced an acquisition agreement to buy 65% of Pure Tech Global Limited for $40 million. The stock is experiencing heavy trading volume and high short interest, contributing to price volatility.
The acquisition news is a significant development for Infobird, indicating potential growth and expansion. The heavy trading volume and high short interest suggest increased investor interest and potential for price movement.
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