(BRDS) Alert: Why did Birds Global Stock Drop? Contact Johnson Fistel Regarding Investigation
SAN DIEGO, March 16, 2022 (GlobeNewsWire)—
Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Bird Global, Inc. (“Bird” or the “Company”) (NYSE: BRDS), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focus on investors’ losses and whether they may be recovered under the federal securities laws.
What if I purchased Bird common stock? If you purchased Bird common stock and suffered significant losses on your investment, join our investigation now:
- Click or paste the following web address into your browser to submit your losses: https://www.cognitoforms.com/JohnsonFistel/BirdGlobalInc
- Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating? In November 2021, Bird Rides, Inc. and Switchback II Corporation, a special purpose acquisition company, closed a business combination, and the combined company was renamed Bird Global, Inc.
On March 15, 2022, the company issued its fourth-quarter, its full-year 2021 earnings, and 2022 projections. For the first quarter, Bird expects revenue of $34 million to $36 million. The midpoint of $35 million is well below Wall Street’s target of $48.8 million.
For the full year, Bird forecast revenue of at least $350 million. Analysts had been looking for 2022 sales of $381.7 million.
Following this news, Bird’s stock was trading down over 13% in pre-market trading on March 16, 2022.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
About Johnson Fistel, LLP. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in securities class action and derivative lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
See Original press release here.
Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: jimb@johnsonfistel.com