IFBD Stock Downtrending Although Having Recent Gains

Since April 20, Infobird shares have been falling without any significant attempt for growth. Around 5 points IFBD has lost in 10 months for its unpopularity. Maybe Elon Musk could help its PR department to gain fancy fame. Before rising from $3.88 to $5.07 in June of this year InfoBird has announced several developments in the SaaS field and offered 125 million ordinary shares.

Without any verified news the buyers should not buy IFBD as it is slowly shrinking with little resistance to recession. Only 120k volume could lift the stock by 5% yesterday. However, today in premarket it is surging by 21% on 5 million volume. Let’s see what happens to the gaining stock without backing news.