Here's Why Allbirds, Inc. (BIRD) Is a Great 'Buy the Bottom' Stock Now
BIRDAllbirds(BIRD) ZACKS·2024-06-18 22:55

Shares of Allbirds, Inc. (BIRD) have been struggling lately and have lost 26.1% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the fu ...