Vinco Ventures (NASDAQ:BBIG) stock is running higher on Monday as traders take to social media to discuss its rising price.
That increase is likely due to retail traders pumping the stock higher today. The stock has been a long-time favorite among Reddit investors for months now with regular pumps and dumps during that time.
That appears to be the case today with nearly 47 million shares on the move. That quickly surpassed the penny stock’s daily average trading volume of 46 million shares.
Keeping these factors in mind, let’s see what Reddit traders have to say about BBIG stock today.
BBIG Stock Reddit Talk
“Hopefully my buy order at $7 for BBIG is a good yolo.” — friedchicken4health
“$BBIG, many brokerages have confirmed 260% SI.” — juuuullliiia
“OEG ANY BBIG. Big week for these guys!” — andrewsartduchy
“BBIG is running in Pre-market. Looking good so far, gonna get a few more shares today.” — Significant-Toe3555
“Sold my CEI for a small gain, probably should have held it looks like. Other than that got back into SDC & BBIG. Still holding on to ATER & ANY.” — Sssoundwave
While the idea of jumping in on the BBIG stock rally might seem tempting, traders will want to be careful. The stock already opened incredibly high this morning and doesn’t look ready to run any further up. That means it likely won’t be long before we see that share price drop as traders start to dump the shares.
BBIG stock was up 12.8% as of Monday morning and is up 470.4% since the start of the year.
Investors looking for more hot stock market news today will want to stick around!
InvestorPlace has all the most recent stock coverage that traders need to know about today. Among that is Red Cat Holdings (NASDAQ:RCAT) stock soaring higher, today’s pre-market stock movers, and a few penny stocks to watch for delisting. You can find all of that at the following links!
More Monday Stock Market News
- RCAT Stock Is Soaring 50% Because One of Its Subsidiaries Is Headed to Mars
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
- 10 ‘Risky’ Penny Stocks That Could Get Delisted Next Week
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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