Not long ago Vinco Ventures (NASDAQ: BBIG) blasted off by 500% right after a complete merger with Zash. Today BBIG seems to grow slowly after announcing Zash is buying Lomotif (Tiktok’s rival) up. Vinco is going to have the biggest opportunity to conquer a new customer base in digital media thus advertising parties will have a seriously big chance to cover larger audiences.
Right now BBIG is trading over $4.45 after opening at a $3.82 price. The announcement showed up one and half hours before the market opened. Not many investors are paying close attention to the penny stock which is able to cross the $10 mark soon amid possible revenue growth.
Over 16 million shares are now circulated around today’s buzz, maybe this volume will decrease tomorrow a bit lower. However, long-term investors are likely to buy the stock silently to avoid rocketing growth that could attract speculators.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.