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Why Allbirds Stock Got Ruffled Up Today

TheMotleyFool

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Shoemaker Allbirds (NASDAQ: BIRD) took flight earlier this month, its IPO scoring a 90% gain on its first day of trading. Although the company wasn't able to hold on to all of those gains (it's actually declined about 16% over the two weeks since it first went public), the stock remains barely above its IPO price today.

Just only just barely. Today, all of a sudden, Allbirds stock fell out of the nest -- down 9.9% as of 3:35 p.m. ET.

Image source: Getty Images.

Source Fool.com

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