Today: 18 June 2026
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NASDAQ:BIRD 15 April 2026 - 18 June 2026

Allbirds, which has rebranded as Smartbird, saw its shares rise significantly, closing up 39.09% at $5.48 on Wednesday. The company completed its transition away from the footwear business by selling its Allbirds shoe assets and has now fully moved into the AI sector. As part of this strategic shift, Smartbird appointed Nadia Carlsten as its new CEO. To support its new focus, the company doubled its convertible financing facility from $50 million to $100 million, with the additional funds intended to finance its AI initiatives.
Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

Allbirds secured up to $50 million in senior secured convertible notes and will pivot to AI compute infrastructure after selling its footwear business to American Exchange Group for $39 million. Shares jumped to $10.10, up $7.61, after the announcement. The company plans to rename itself NewBird AI and use the funds to buy GPUs for a rental business. A May 18 shareholder vote will decide on the asset sale and charter changes.
15 April 2026
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Stock Market Today

  • AT&T Shares Dip Ahead of CFO Transition Amid Fiber Investment Concerns
    June 18, 2026, 9:48 AM EDT. AT&T Inc. shares fell in premarket trading, slipping to $22.37 from Wednesday's close of $22.44, as investors reacted to the announced CFO transition and ongoing fiber network costs. CFO Pascal Desroches will retire at year-end, succeeded by Jennifer Biry starting January 2027. The company aims to sustain free cash flow above $18 billion in 2026 despite heavy capital expenditure, including $5.1 billion spent in Q1. Market weakness weighed on the stock amid broader U.S. index declines driven by rate hike apprehensions following Federal Reserve signals. AT&T plans to provide further financial updates on July 22 with its Q2 earnings release. Meanwhile, competitor Verizon is simplifying wireless plans and removing fees to enhance customer retention, intensifying competition in the U.S. telecom sector.

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AT&T shares slipped to $22.37 premarket as investors weighed CFO Pascal Desroches’ year-end retirement and Jennifer Biry’s 2027 succession amid heavy fiber and 5G spending, ongoing wireless competition from Verizon, and looming risks from SpaceX’s Starlink; next financial update set for July 22.
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