Allbirds Inc’s filing revealed that its Chief Financial Officer Mitchell Ann acquired Company’s shares for reported $6489.0 on Aug 14 ’24. In the deal valued at $0.65 per share,10,000 shares were bought. As a result of this transaction, Mitchell Ann now holds 822,024 shares worth roughly $0.62 million.
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Then, Brown Timothy O. sold 50,000 shares, generating $29,345 in total proceeds. Upon selling the shares at $0.59, the Director now owns 0 shares.
Before that, THE GRENADIER TRUST bought 50,000 shares. Allbirds Inc shares valued at $29,345 were divested by the Officer at a price of $0.59 per share.
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 -6.57% to $0.76. Over the last five days, the stock has gained 3.81%. Allbirds Inc shares have fallen nearly -38.00% since the year began. Nevertheless, the stocks have fallen -41.58% over the past one year. While a 52-week high of $1.46 was reached on 01/02/24, a 52-week low of $0.45 was recorded on 07/02/24. SMA at 50 days reached $0.6286, while 200 days put it at $0.7873.
Levels Of Support And Resistance For BIRD Stock
The 24-hour chart illustrates a support level at 0.7263, which if violated will result in even more drops to 0.6931. On the upside, there is a resistance level at 0.8066. A further resistance level may holdings at 0.8537. The Relative Strength Index (RSI) on the 14-day chart is 58.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0918, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.05%. Stochastics%K at 75.35% indicates the stock is a holding.
How much short interest is there in Allbirds Inc?
A steep rise in short interest was recorded in Allbirds Inc stocks on 2024-07-31, dropping by -1.18 million shares to a total of 8.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 10.01 million shares. There was a decline of -13.34%, which implies that there is a negative sentiment for the stock.
