The big news from the company is that several cities are expanding their e-mobility programs with Bird Global. As a result, Bird will start offering its electric bike and scooter rental services to citizens living in those locations.
First up, the company already has approval to expand into several cities. They are as follows:
- San Diego, California
- Memphis, Tennessee
- Newark, New Jersey
- Durham, North Carolina
- Louisville, Kentucky
Bird Global also says its services are coming to several other cities before the college fall season starts. That list includes the following locations:
- Bradenton, Florida
- Knoxville, Tennessee
- Eugene, Oregon and the University of Oregon
- Wilmington, North Carolina and UNC Wilmington
Finally, Bird Global notes that its services are returning to Minneapolis, Minnesota in the near future as well. These additions add to the 450-plus communities around the world that the e-bike company serves.
Brian Buccella, Senior Vice President of Global Policy at Bird Global, said the following in the news release:
“Bird is honored to be the trusted micromobility partner to more than 130 universities nationwide […] We are committed to delivering shared e-mobility programs that address last-mile needs for students, residents and visitors alike.”
This expansion news brings heavy trading to BRDS stock today. That has some 11 million shares on the move already. The company’s daily average trading volume is about 3.2 million shares.
BRDS stock is up 17% as of Wednesday morning.
There’s more recent stock market news traders will want to know about below!
InvestorPlace is home to all of the hottest stock market coverage for Wednesday. A few examples include why shares of SoFi (NASDAQ:SOFI), Peloton (NASDAQ:PTON) and Sunrun (NASDAQ:RUN) are moving today. You can read all about that at the following links!
More Wednesday Stock Market News
- SOFI Stock Surges Ahead of Biden Student Loan Decision
- PTON Stock Pops as Peloton Products Launch on Amazon
- Why Is Sunrun (RUN) Stock Up Today?
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.