Why Is Infobird (IFBD) Stock Up 63% Today?

Group 1 - Infobird (NASDAQ:IFBD) stock is experiencing a significant rise, with over 3.8 million shares traded, far exceeding its daily average of approximately 357,000 shares [1] - The recent rally in IFBD stock is attributed to its status as a penny stock, which often attracts speculative trading and potential manipulation [2] - As of Wednesday morning, IFBD stock has increased by 62.5% [2] Group 2 - A reverse stock split occurred on Monday, which was initially scheduled for late February but delayed for regulatory clearances [1]