Allbirds Just Completed a 1-For-20 Reverse Stock Split—What You Need To Know

Key Takeaways Allbirds underwent a 1-for-20 reverse stock split after the Wednesday's close. The move upped the company's share price above the Nasdaq's minimum requirement of $1. The total number of shares outstanding decreases following a reverse split, but individuals' stakes in the company do not change. Allbirds (BIRD) completed a 1-for-20 reverse stock split Wednesday evening, a move meant to maintain the footwear and apparel maker and retailer's listing on the Nasdaq. A reverse split combines a set n ...