By Stephen Nakrosis
Shares of electric transportation company Bird Global were moving higher on the New York Stock Exchange Tuesday following news the company’s e-scooters will be available in Dallas later this month.
The company said a soft launch will begin on May 24 before the official return on May 31.
At 3:17 p.m. EDT, the company’s shares had risen 9.58% to trade at $2.75 each. On Monday, the stock touched a 52-week low of $2.33 per share. Year to date, the stock is down by more than 36%.
According to Bird, Dallas approved deploying an initial flock of 500 Bird scooters as part of the city’s 2022-23 annual operating permit cycle.
Bird said it would offer several benefits, including free rides for healthcare workers and emergency personnel, to customers in Dallas.
Write to Stephen Nakrosis at [email protected]
Read the full article here
