Vinco Ventures (NASDAQ:BBIG) Sees Strong Trading Volume

Vinco Ventures, Inc. (NASDAQ:BBIG) saw unusually-high trading volume on Friday . Approximately 2,133,106 shares were traded during trading, a decline of 81% from the previous session’s volume of 11,405,914 shares.The stock last traded at $4.28 and had previously closed at $3.53.

The stock has a 50-day moving average price of $3.17 and a 200 day moving average price of $4.48.

Vinco Ventures (NASDAQ:BBIG) last posted its earnings results on Monday, November 22nd. The company reported ($0.68) EPS for the quarter. The firm had revenue of $2.23 million during the quarter.

A number of hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP boosted its holdings in Vinco Ventures by 2,774.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 8,809,940 shares of the company’s stock worth $50,475,000 after buying an additional 8,503,446 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Vinco Ventures in the 3rd quarter worth about $82,000. Cetera Advisor Networks LLC acquired a new stake in Vinco Ventures in the 3rd quarter worth about $90,000. National Asset Management Inc. boosted its holdings in Vinco Ventures by 180.8% in the 3rd quarter. National Asset Management Inc. now owns 73,000 shares of the company’s stock worth $468,000 after buying an additional 47,000 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Vinco Ventures by 38.6% in the 3rd quarter. Squarepoint Ops LLC now owns 50,187 shares of the company’s stock worth $322,000 after purchasing an additional 13,978 shares in the last quarter. Institutional investors own 13.35% of the company’s stock.

Vinco Ventures Company Profile (NASDAQ:BBIG)

Vinco Ventures, Inc is a consumer products and digital marketing company. Its brands include The 911 Help Now, Global Clean Solutions, HMNRTH, 4keeps Roses, Purple Mountain Clean, and Royalty Streams. The company operates through the following tools: Honey Badger Media and Pop Nation. Honey Badger Media is a full service content monetization company that focuses on brand specific messaging and by leveraging internal assets and long term strategic partners; designs digital campaigns from creation to monetization.

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