Q: Hello, Bird has seen a lot of volatility in the last few weeks, with daily price ups and downs of 3-6%. Just curious, this is a construction company, why does it fluctuate like a volatile tech stock? Thanks
5i Research Answer:
It is still a relatively small company, and that is one reason. It has big embedded gains (64% one year) so there might always be some profit taking if the markets are shaky. Last week it rose 15% but there was no news at all. Monday was a bad day in the markets so it consolidated those gains. Some investors may be worried about tariffs. It does bounce around but trading volume seems pretty steady and we would not see the action as highly unusual, really.