Allbirds is trading at $2.38 (-5.36%) amid broader-market pressure following hotter-than-expected U.S. inflation.
- September headline inflation was 3.7% year over year, versus a 3.6% forecast; core inflation also exceeded expectations. Reuters reported higher Treasury yields and renewed rate-hike concerns were pressuring stocks, including rate-sensitive shares.
- The supplied market context shows the S&P 500 down 0.67% and Nasdaq down 0.91%. Allbirds fell 11.89% on October 13. No clear company-specific announcement explaining its October 14 decline was identified.