BBIG Stock News: Vinco Ventures Inc tanks ahead of Cryptyde ex-dividend date
Premium|Take advantage of 60% OFF on your first month.
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 60% OFF!
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
CLAIM OFFER- 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.
BBIG stock forecast
It was a volatile day all around for meme stocks, as the momentum from AMC’s (NYSE:AMC) busy weekend did not carry over into Tuesday’s session. Shares of AMC fell by 8.55%, GameStop (NYSE:GME) lost 1.97%, and SmileDirectClub (NASDAQ:SDC) dropped by 3.68% during trading hours. Meme investors are no strangers to volatility, but it is particularly magnified in a market that has been especially choppy as of late.
- 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.
BBIG stock forecast
It was a volatile day all around for meme stocks, as the momentum from AMC’s (NYSE:AMC) busy weekend did not carry over into Tuesday’s session. Shares of AMC fell by 8.55%, GameStop (NYSE:GME) lost 1.97%, and SmileDirectClub (NASDAQ:SDC) dropped by 3.68% during trading hours. Meme investors are no strangers to volatility, but it is particularly magnified in a market that has been especially choppy as of late.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.