Allbirds is trading 6.02% higher now at $3.70, likely benefiting from a broad-market tailwind.
- September payrolls rose by only 29,000, missing expectations; Reuters reported the weak report lifted stocks and bonds.
- Investors reassessed the likelihood of further Fed rate increases.
- No confirmed company-specific announcement explaining the October 2 move appeared in available search results; Allbirds’ investor-relations news page showed releases through September 25.