Infobird Co Ltd (NASDAQ:IFBD) shares are trading higher by 30.2% to $2.37 during Wednesday's session after the company late Tuesday announced it acquired 65% equity in Pure Tech Global Limited.
The company says the deal, originally agreed upon in June and amended in August, positions Infobird as the indirect controller of two variable interest entities: Pinmu Century (Beijing) Marketing Technology Co., Ltd and Zhenxi Brand Marketing Consulting (Shanghai) Centre, along with their subsidiaries.
The total transaction value, including associated costs, amounted to approximately $40 million.
How To Buy IFBD Stock
By now you're likely curious about how to participate in the market for Infobird – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Infobird, which is trading at $2.47 as of publishing time, $100 would buy you 40.49 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, IFBD has a 52-week high of $54.64 and a 52-week low of $1.63.
