Why Is Infobird (IFBD) Stock Up Today?
Infobird(IFBD) InvestorPlace·2024-02-27 13:05
Infobird (NASDAQ:IFBD) stock is flying higher on Tuesday after the software-as-a-service (SaaS) company announced a delay to a reverse stock split.Infobird says that it now plans for a reverse stock split to go into effect when markets open on Monday. The company was originally planning for the split to go into effect after markets closed yesterday. That would have seen its shares trading on a split-adjusted basis when markets opened this morning.Infobird notes that the delayed reverse stock split is the re ...