BBIG Stock News: Vinco Ventures Inc jumps higher to start the week after weekend Ethereum rebound
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get Premium without limits for only $9.99 for the first month
Access all our articles, insights, and analysts.
UNLOCK OFFER- NASDAQ:BBIG surged 10.44% higher on Monday amidst a mixed day for the broader markets.
- Social media was calling for another BBIG short squeeze.
- The NFT market heats up as a popular meme sells for $76,000.
NASDAQ:BBIG started off the week on the right foot, as the meme stock continued its momentum over from Friday. Shares of BBIG surged by 10.44 on Monday and closed the first trading session of the week at $6.98. Vinco Ventures soared as the stock saw nearly double its recent average daily trading volume, with nearly 80 million shares changing hands. BBIG easily outpaced the broader markets on Monday, as the NASDAQ and S&P 500 closed lower, while the Dow Jones eked out a narrow gain, adding 71 basis points.
Stay up to speed with hot stocks' news!
Monday was another busy day on social media, as retail investors across Reddit and Twitter were calling for another short squeeze for Vinco Ventures. The popularity of short squeezes has increased dramatically since the original squeeze of GameStop (NYSE:GME) and AMC (NYSE:AMC). While nothing concrete has happened in the meme stock industry since AMC surged higher in June, retail investors are always on the lookout for stocks with low share floats and high short interest. Vinco Ventures remains one of the most mentioned stocks on Reddit forums such as r/WallStreetBets.
BBIG stock forecast
Although much of the discussion about Vinco Ventures is about its stock, its business is doing better thanks to the continued popularity of the NFT Market. On Monday, one of the world’s most popular meme images was sold by the family who took the picture for 25 Etherum or over $76,000. The NFT was purchased by a Dubai-based music company called 3F Music, which may be a competitor to the Vinco Ventures subsidiary, Emmersive Entertainment, which releases new albums in the form of NFTs.
- NASDAQ:BBIG surged 10.44% higher on Monday amidst a mixed day for the broader markets.
- Social media was calling for another BBIG short squeeze.
- The NFT market heats up as a popular meme sells for $76,000.
NASDAQ:BBIG started off the week on the right foot, as the meme stock continued its momentum over from Friday. Shares of BBIG surged by 10.44 on Monday and closed the first trading session of the week at $6.98. Vinco Ventures soared as the stock saw nearly double its recent average daily trading volume, with nearly 80 million shares changing hands. BBIG easily outpaced the broader markets on Monday, as the NASDAQ and S&P 500 closed lower, while the Dow Jones eked out a narrow gain, adding 71 basis points.
Stay up to speed with hot stocks' news!
Monday was another busy day on social media, as retail investors across Reddit and Twitter were calling for another short squeeze for Vinco Ventures. The popularity of short squeezes has increased dramatically since the original squeeze of GameStop (NYSE:GME) and AMC (NYSE:AMC). While nothing concrete has happened in the meme stock industry since AMC surged higher in June, retail investors are always on the lookout for stocks with low share floats and high short interest. Vinco Ventures remains one of the most mentioned stocks on Reddit forums such as r/WallStreetBets.
BBIG stock forecast
Although much of the discussion about Vinco Ventures is about its stock, its business is doing better thanks to the continued popularity of the NFT Market. On Monday, one of the world’s most popular meme images was sold by the family who took the picture for 25 Etherum or over $76,000. The NFT was purchased by a Dubai-based music company called 3F Music, which may be a competitor to the Vinco Ventures subsidiary, Emmersive Entertainment, which releases new albums in the form of NFTs.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.