🔴 Infobird is trading 11.4% down in pre-market after consecutive sharp gains

Infobird is trading at $1.19, down 11.37% in pre-market, with no clear new company-specific catalyst identified.

• Shares are retreating after consecutive sharp gains, including an 18.58% rise on September 25.
• A September 25 filing reported first-half revenue fell to $1.86 million and a $15.78 million operating loss, including $12.80 million in goodwill impairment; available reporting does not establish this as the cause.
• Broader futures are lower amid tech weakness and Iran tensions, but available information does not confirm these explain Infobird’s move.