Vinco Ventures (NASDAQ:BBIG) stock is a big mover on Thursday as shares continue to rally after resuming trading earlier this week.
BBIG stock was halted on Aug. 4 and only resumed trading this Tuesday. The reason for the halt? The Nasdaq required more information from Vinco Ventures. The exchange said it would only resume trading of the shares once it had “additional information” about the company.
When BBIG stock started trading again on Tuesday, shares immediately took off in a rally. That’s not too surprising, as BBIG is already a meme stock and the long halt likely had investors anxiously awaiting the stock’s return.
BBIG Stock Joins the Meme Rally
To go along with that, there has also been a return of interest in meme stocks lately. Several major meme names have seen their shares rally throughout the last couple of weeks. With BBIG stock no longer halted, meme stock traders became free to boost its prices as well.
Now, the rally in BBIG stock continues today as shares see incredibly heavy trading. As of this writing, more than 77 million shares have changed hands. To put that in perspective, the company’s daily average trading volume is closer to about 19.6 million shares.
BBIG stock is up 8% as of Thursday morning but still down 15% since the start of the year.
There’s more stock market news traders will want to know about below!
We’ve got all of the hottest stock news for Thursday! Among that is what has shares of Faraday Future (NASDAQ:FFIE), Mind Medicine (NASDAQ:MNMD) and Penn Entertainment (NASDAQ:PENN) stock on the move today. You can get all of that info from the following links!
More Thursday Stock Market News
- What Is Going on With Faraday Future (FFIE) Stock Today?
- Is MindMed (MNMD) Stock the Next Big Short Squeeze?
- Will Barstool Sports Save the Day for Penn Entertainment (PENN) Stock?
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On the date of publication, William White did not hold (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.