Why Allbirds Stock Fell 15.2% on Thursday
Shares of shoe and apparel company Allbirds (NASDAQ: BIRD) fell as much as 15.2% in trading on Thursday as investors continue to try to find a stable price for the stock. Shares closed the day down 10.2% in another volatile day for this newly IPO'd stock.
After jumping 92.6% in its first day as a public company, it's natural to see Allbirds stock come back to earth. Shares seem to have stabilized in late trading on Thursday and that may be a sign that the extreme volatility of trading has passed, for now.
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Source Fool.com
