The split, intended to help the company meet Nasdaq’s minimum bid price requirement, will take effect on September 4, 2024, with the stock trading on a split-adjusted basis starting September 5.

The reverse stock split will combine every 20 shares of Allbirds’ Common Stock into 1 share, with stockholders retaining the same ownership percentage post-split. No fractional shares will be issued; instead, stockholders will receive cash payments for any fractional shares.

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Should I Sell My BIRD Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Allbirds have decreased by 47.98% in the past year. An investor who bought shares of Allbirds at the beginning of the year would take a loss of $0.62 per share if they sold it today. The stock has risen 9.11% over the past month, meaning an investor who bought shares on Jul. 1 would see a capital gain of $0.2.

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According to data from Benzinga Pro, BIRD has a 52-week high of $1.46 and a 52-week low of $0.45.