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Telsey Advisory Group Upgrades Allbirds Inc (BIRD) to an Outperform from a Market perform

Allbirds Inc’s recently made public that its Chief Operating Officer Vernachio Joseph unloaded Company’s shares for reported $21661.0 on Mar 01 ’24. In the deal valued at $0.91 per share,23,935 shares were sold. As a result of this transaction, Vernachio Joseph now holds 321,740 shares worth roughly $0.19 million.

Then, Vernachio Joseph sold 17,341 shares, generating $18,173 in total proceeds. Upon selling the shares at $1.05, the Chief Operating Officer now owns 345,675 shares.

Before that, Mitchell Ann bought 10,000 shares. Allbirds Inc shares valued at $6,800 were divested by the Chief Financial Officer at a price of $0.68 per share. As a result of the transaction, Mitchell Ann now holds 844,101 shares, worth roughly $0.51 million.

Telsey Advisory Group upgraded its Allbirds Inc [BIRD] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “a Market perform”. William Blair also remained covering BIRD and has decreased its forecast on March 10, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Telsey Advisory Group revised its rating on March 10, 2023. It rated BIRD as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of BIRD

On Tuesday, Allbirds Inc [NASDAQ:BIRD] saw its stock fall -4.81% to $0.60. Over the last five days, the stock has lost -12.63%. Allbirds Inc shares have fallen nearly -50.75% since the year began. Nevertheless, the stocks have fallen -51.74% over the past one year. While a 52-week high of $1.83 was reached on 01/02/24, a 52-week low of $0.54 was recorded on 04/15/24. SMA at 50 days reached $0.7316, while 200 days put it at $1.0313. A total of 0.82 million shares were traded, compared to the trading of 0.73 million shares in the previous session.

Levels Of Support And Resistance For BIRD Stock

The 24-hour chart illustrates a support level at 0.5780, which if violated will result in even more drops to 0.5527. On the upside, there is a resistance level at 0.6316. A further resistance level may holdings at 0.6599. The Relative Strength Index (RSI) on the 14-day chart is 43.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0017, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.97%. Stochastics %K at 34.68% indicates the stock is a holding.

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