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0.000882072329931077 -1.8001476121E-05 0.00272722363233789 0.00524743028928364 -0.00991881334269417 -0.0171194037911109 -0.0189195514032151 -0.0171194037911109
Stock impact report

Allbirds stock gains 350% this week as shoemaker pivots to AI [Yahoo! Finance Canada]

Allbirds, Inc. - Class A (BIRD) 
On Wednesday, the stock soared nearly 600% on news of the AI pivot. Then, on Thursday, the stock fell 35%, still a far cry from its price of less than $3 just days ago. The stock slid another 1% as of Friday's close to end the week with a 350% gain. Allbirds' market cap has fluctuated from $21.7 million at Tuesday's close to $94 million, peaking at $159 million on Wednesday. The company plans to change its name to NewBird AI and raise $50 million, with the funds expected to close during the second quarter of 2026. In late March, Allbirds sold its footwear assets to American Exchange Group, the company behind Aerosoles and Ed Hardy, for $39 million. NewBird AI will aim to "acquire high-performance, low-latency AI compute hardware" and "provide access under long-term lease arrangements, meeting customer demand that spot markets and hyperscalers are unable to reliably service," the company said in a press release. Allbirds launched 10 years ago and went public in 2021. It was Show less Read more
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