Anyone who might looking for stocks which have made significant gains over a reasonable period of time could consider taking a look at the Vinco Ventures (NASDAQ:BBIG) stock. In the past month, the stock has emerged as one of the more notable gainers and managed to clock gains of as much as 23% as a consequence.
Trading Data
On Friday, BBIG stock went up 2.10% to $2.92 with more than 22.06 million shares, compared to its average volume of 31.70 million shares. The stock has moved within a range of $2.6300 – 3.0000 after opening trade at $2.80.
Latest News
There was no news about the company this past Friday but a development from earlier on in the week is something that investors could look into. Last week, Vinco Ventures had announced that it was making meaningful progress with regards to its plans of executing the Cryptyde spinoff.
It emerged that the company had submitted a filing to the United States Securities and Exchange Commission and it revealed that Vinco Ventures was venturing ahead with the spinoff. It was also revealed that Cryptyde is going to be involved in Bitcoin mining. The possibility of a spinoff seems to have come as a source of optimism for investors. It is now going to be interesting to see if the Vinco Ventures stock can continue to be in focus among investors this week and add to its gains.
Technical Data
BBIG stock is trading below the 20-Day and 50-Day Moving averages of $3.16 and $3.05 respectively. Moreover, the stock is below 200-Day moving average of $4.13.
