Sponsored by
FXStreetLATEST NEWS >>
BBIG Stock News: Vinco Ventures Inc tanks ahead of Cryptyde ex-dividend date
September 15, 2021 11:14 GMT | By Stocks Reporter
BBIG Stock News: Vinco Ventures Inc tanks ahead of Cryptyde ex-dividend date
NASDAQ:BBIG tumbled by 17.10% amidst a broader market sell off on Tuesday.
Vinco Ventures’ will offer shares of Cryptyde for shareholders as of September 15th.
VInco Ventures falls alongside other meme stocks during another volatile session.
NASDAQ:BBIG extended its decline on Tuesday, as the NFT and blockchain-based company saw its second straight drop to start the week. Shares of BBIG plummeted by 17.10% and closed the trading session at $7.95. Despite the recent sell off, it’s difficult for shareholders to be upset with a stock that has still returned over 400% so far this year, which is more than ten times what the S&P 500 has done. Shares are still trading above both the key 50-day and 200-day moving averages, even though it has fallen about 40% from its 52-week high price of $12.49.
Stay up to speed with hot stocks' news!
Wednesday September, 15th marks an important date for Vinco Ventures shareholders. This is the proxy record date for when shareholders will need to own BBIG shares in order to receive shares of Vinco’s spinoff company called Cryptyde. The new spinoff is a Blockchain-based acquisition company that will look into acquiring new Blockchain-based technology firms. Vinco Ventures is looking into taking Cryptyde public as well and it is expected to debut under the ticker symbol TYDE. Whenever Cryptyde does go public, BBIG shareholders will receive shares of TYDE in the form of a dividend.
Comments