MNMD - What Is Going on With Vinco Ventures (BBIG) Stock Today?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Vinco Ventures (NASDAQ:BBIG) stock is a big mover on Thursday as shares continue to rally after resuming trading earlier this week.
BBIG stock was halted on August 4, 2022, and only resumed trading on Tuesday. The reason for the halt was the Nasdaq Exchange requiring more information from Vinco Ventures. The exchange said it would only resume trading of the shares once it had that.
When BBIG stock started trading again on Tuesday, the shares immediately took off in a rally. That’s not too surprising as it’s already a meme stock and the long halt likely had investors anxiously waiting for the stock’s return.
BBIG Stock Joins the Meme Rally
To go along with that, there’s been a return of interest in meme stocks lately. Several major names in the space have seen their shares rally throughout the last couple of weeks. With BBIG stock no longer halted, meme stock traders were free to boost its prices alongside them.
And that BBIG stock rally continues today with shares seeing incredibly heavy trading. As of this writing, more than 77 million shares of the stock have changed hands. To put that in perspective, the company’s daily average trading volume is closer to about 19.6 million shares.
BBIG stock is up 8% as of Thursday morning but is still down 15.8% since the start of the year.
There’s more stock market news traders will want to know about below!
We’ve got all of the hottest stock news for Thursday! Among that is what has shares of Faraday Future (NASDAQ:FFIE), Mind Medicine (NASDAQ:MNMD), and Penn Entertainment (NASDAQ:PENN) stock on the move today. You can get all of that info from the following links!
More Thursday Stock Market News
- What Is Going on With Faraday Future (FFIE) Stock Today?
- Is MindMed (MNMD) Stock the Next Big Short Squeeze?
- Will Barstool Sports Save the Day for Penn Entertainment (PENN) Stock?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
More From InvestorPlace
- Buy This $5 Stock BEFORE This Apple Project Goes Live
- The Best $1 Investment You Can Make Today
- Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”
- It doesn’t matter if you have $500 or $5 million. Do this now.
The post What Is Going on With Vinco Ventures (BBIG) Stock Today? appeared first on InvestorPlace.