Infobird Shares Surge on Unusual Volume; SEC Filings Tell a Different Story
Infobird Co., Ltd shot higher Wednesday in New York, shares reaching $1.80 and closing close to $1.05 as volume spiked on the Nasdaq. The stock was last up around 19% for the day, trading about 1.39 million shares, according to delayed data. Infobird is a small name, so trading can push the price around. The company said it had about 8.19 million ordinary shares out as of March 31. With shares trading at $1.05, the market cap works out to under $10 million. That’s the stock price times the share count.