Verb Technology (NASDAQ:VERB) stock is retreating on Wednesday after the software-as-a-service (SaaS) company went through a massive rally on Tuesday!
During normal trading hours on Tuesday, shares of VERB stock underwent an incredible 350% rally. That came alongside around 103 million shares of the stock changing hands. For the record, the company’s daily average trading volume is well below that at 1.7 million shares.
This unexpected surge on Tuesday came about after the company announced integration with TikTok. This gives its MARKET.live livestream social shopping platform “direct access” to the more than 150 million TikTok users in the United States.
Rory Cutaia, CEO of Verb, said the following about the TikTok news:
“The integration with TikTok Shop represents a pivotal moment in the evolution of MARKET.live, marrying the dynamic capabilities of MARKET.live with TikTok’s visionary Shop feature and the enormously expansive reach of the TikTok platform.”
Wednesday VERB Stock Movement
Considering the amazing rally shares of VERB stock went through yesterday, it makes sense the company would give up some of those gains in the following days. With today’s movement, more than 1.9 million shares of Verb Technology have been traded. Investors will likely see the stock continue to lose steam throughout the day.
VERB stock is down 24% as of Wednesday morning.
There’s even more stock market news traders will want to know about below!
We’re offering up all of the hottest stock market news traders need to know about on Wednesday! A few examples include why shares of Marin Software (NASDAQ:MRIN) and NeuBase Therapeutics (NASDAQ:NBSE) stock are rising today, as well as the biggest pre-market stock movers this morning. All of that news is ready to go at the following links!
More Stock Market News for Wednesday
- Why Is Marin Software (MRIN) Stock Up 34% Today?
- Why Is NeuBase Therapeutics (NBSE) Stock Up 19% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday
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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.
