Vinco Ventures (NASDAQ:BBIG) Stock Attempts To Recover: What Next?

Product research, manufacturing, sales and fulfilment firm Vinco Ventures (NASDAQ:BBIG) has emerged as one of the more popular stock in the market this year so far. Despite being a loss making company, the stock has been in considerable focus among investors.

Yesterday, investors flocked to the stock and sent the Vinco Ventures stock rallying by as much as 15%. That took the stock’s gains for the year so far to a staggering 225%. In this regard, it should be noted that one of the major triggers behind the rally in the stock was its reverse merger with Zach Global, a privately held media firm. The reverse merger had been announced in January this year.

The merger has not been closed yet and at this point, the fortunes of the Vinco stock are dependent on the closure of the transaction. Once the reverse merger is closed, Zach Global is going to become the controlling party. That being said, investors need to note that the new entity is going to continue to be named as Vinco Ventures and the ticker symbol of the stock is also going to continue to be BBIG. In light of the latest gains, it might be a good move for investors to keep an eye on any news regarding the company.

Market Reaction:

On Thursday, BBIG stock soared 15% at $4.05 with more than 49.09 million shares, compared to its average volume of 13.58 million shares. The stock had moved within a range of $3.1101 – 4.3700 after opening the trade at $3.32. Over the past 52-week, the stock has been trading within a range of $1.1100 – 9.4000.