Allbirds Inc is trading at $6.32 (6% up) as the stock extends a sharp multi-day rally driven by its recent strategic rebrand and leadership transition.
- The upward move follows the unveiling of the Smartbird AI pivot and the appointment of Nadia Carlsten as CEO, which recently saw shares soar as much as 49%.
- While no fresh company-specific news was reported for June 22, the price action reflects sustained investor enthusiasm for the brand's new technological direction.
- The stock previously closed up approximately 39% as markets continue to digest the impact of the company's aggressive turnaround strategy.