Vinco Ventures (BBIG) Rocketed on High Volume: Is it a Bullish Sign?

Vinco Ventures Inc (NASDAQ: BBIG) stock was on fire last week after the company had announced that it is going to merge with ZASH Global Media.

The announcement led to a lot of interest in the stock and it ended up with gains of as much as 200% last week as investors piled on in a big way. It is easy to see why the potential merger with ZASH has created considerable excitement among investors. The company is well known for its innovations and for having been early backers of companies like Movie Pass and TikTok.

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At this point, ZASH owns a proprietary influencer technology that drives video views on different platforms. On the other hand, Vinco, which was previously known as Edison Nation, is involved in the mergers and acquisitions space in the digital commerce niche.

At a time when TikTok continues to grow, the merger has rightly created a lot of excitement around Vinco. Although risks remain, investors could consider keeping an eye on the stock.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.