What Is Going on With Vinco Ventures (BBIG) Stock ?

ElvisMarner
2022-08-22
  • Vinco Ventures(BBIG) stock is rising higher after resuming trading on Tuesday.
  • This comes after theNasdaqhalted the stock for nearly two weeks.
  • Heavy trading is behind the increase in BBIG stock today.

Vinco Ventures(NASDAQ:BBIG) stock is a big mover on Thursday as shares continue to rally after resuming trading earlier this week.

BBIG stock washalted on Aug. 4and only resumed trading this Tuesday. The reason for the halt? TheNasdaqrequired more informationfrom Vinco Ventures. The exchange said it would only resume trading of the shares once it had “additional information” about the company.

When BBIG stock started trading again on Tuesday, shares immediately took off in a rally. That’s not too surprising, as BBIG is already a meme stock and the long halt likely had investors anxiously awaiting the stock’s return.

BBIG Stock Joins the Meme Rally

To go along with that, there has also been areturn of interest in meme stockslately. Several major meme names have seen their shares rally throughout the last couple of weeks. With BBIG stock no longer halted, meme stock traders became free to boost its prices as well.

Now, the rally in BBIG stock continues today as shares see incredibly heavy trading. As of this writing, more than 77 million shares have changed hands. To put that in perspective, the company’s daily average trading volume is closer to about 19.6 million shares.

$Vinco Ventures, Inc.(BBIG)$

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