Allbirds reported strong Q2 earnings, yet its stock fell, and insiders sold shares.

Allbirds, an eco-friendly footwear and apparel company, reported better-than-expected Q2 earnings and revenue, beating analysts' estimates. Despite the positive financial performance, the company's stock price fell during Friday's trading. Allbirds updated its FY 2024 guidance but reported negative return on equity and net margin. In the last 90 days, insiders sold a total of 5,742 shares of company stock.

November 09, 2024
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