Why Is Infobird (IFBD) Stock Up Today?
Group 1 - Infobird (NASDAQ:IFBD) announced a delay to its reverse stock split, which is now set to take effect when markets open on Monday instead of after markets closed yesterday [1] - The reverse stock split will consolidate eight shares into one share, a move that was delayed due to not obtaining regulatory clearances as expected [1] - Following the announcement, IFBD stock experienced significant price volatility, with reported prices ranging from 22.08, leading to increases between 124% and 484% [2] Group 2 - The confusion regarding the true price of IFBD stock is likely to persist until market discrepancies are resolved, prompting traders to monitor the stock closely [2]