BRDS - Why Is Bird Global (BRDS) Stock Up 17% Today?
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Bird Global (NYSE:BRDS) stock is flying higher on Wednesday after announcing an expansion to the number of cities it operates in.
The big news from the company is several cities expanding their e-mobility programs with Bird Global. As a result, the company will start offering its electric bike and scooter rental services to citizens living in those locations.
First up are the cities the company has the approval to expand into. They are as follows.
- San Diego, California
- Memphis, Tennessee
- Newark, New Jersey
- Durham, North Carolina
- Louisville, Kentucky
Bird Global also mentions that its services are coming to several other cities before the college fall season starts. That includes the following locations.
- Bradenton, Florida
- Knoxville, Tennessee
- The University of Oregon
- Eugene, Oregon
- UNC Wilmington, North Carolina
Finally, Bird Global notes that its services are also returning to Minneapolis in the near future. These additions add to the 430 communities around the world that the e-bike company serves.
Brian Buccella, Senior Vice President of Global Policy at Bird Global, said this in the news release.
“Bird is honored to be the trusted micromobility partner to more than 130 universities nationwide. We are committed to delivering shared e-mobility programs that address last-mile needs for students, residents and visitors alike.”
The expansion news brings heavy trading to BRDS stock today. That has some 11 million shares on the move. The company’s daily average trading volume is about 3.2 million shares.
BRDS stock is up 16.6% as of Wednesday morning.
There’s more recent stock market news traders will want to know about below!
InvestorPlace is home to all of the hottest stock market coverage for Wednesday. A few examples include why shares of SoFi (NASDAQ:SOFI), Peloton (NASDAQ:PTON), and Sunrun (NASDAQ:RUN) are moving today. You can read all about that at the following links!
More Wednesday Stock Market News
- SOFI Stock Surges Ahead of Biden Student Loan Decision
- PTON Stock Pops as Peloton Products Launch on Amazon
- Why Is Sunrun (RUN) Stock Up Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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