The fibs continue playing a big role on the technicals for NASDAQ:BBIG. The .5 levels has remained support while the .236 has clearly been a resistance level. It denied the move higher on Tuesday. The rumor mill keeps buzzing but now new updates from the company thus far. The NFT story has become less of a focus thanks to the Bitcoin breakdown so now we have to look at other underlying catalysts that could be in play.
"BBIG stock is a penny stock that we’ve covered numerous times in the past few months. Up by around 7% in morning trading, Vinco Ventures is once again on the radar. For some context, Vinco Ventures is an acquisition company that purchases digital media and content tech companies. Right now, there is a lot of momentum surrounding BBIG stock due to its intended acquisition through its recent merger with ZASH Global Media. The goal is to have a signed final agreement and plan of merger on or before June 24th, which is only a few days away. This anticipation could be what’s fueling BBIG stock growth right now. While acquisitions are commonplace for Vinco Ventures, they are always exciting to see. And, because the digital media market is massive right now and only growing, this could present an interesting opportunity for investors and the company alike. In its last financial report for the period ended on March 31st, BBIG posted a 31% growth in revenue. This is exciting and comes alongside a 17% increase in its gross margin."
Quote Source: 9 Robinhood Penny Stocks To Watch With Bitcoin Below $30,000
"BBIG stock is a penny stock that we’ve covered numerous times in the past few months. Up by around 7% in morning trading, Vinco Ventures is once again on the radar. For some context, Vinco Ventures is an acquisition company that purchases digital media and content tech companies. Right now, there is a lot of momentum surrounding BBIG stock due to its intended acquisition through its recent merger with ZASH Global Media. The goal is to have a signed final agreement and plan of merger on or before June 24th, which is only a few days away. This anticipation could be what’s fueling BBIG stock growth right now. While acquisitions are commonplace for Vinco Ventures, they are always exciting to see. And, because the digital media market is massive right now and only growing, this could present an interesting opportunity for investors and the company alike. In its last financial report for the period ended on March 31st, BBIG posted a 31% growth in revenue. This is exciting and comes alongside a 17% increase in its gross margin."
Quote Source: 9 Robinhood Penny Stocks To Watch With Bitcoin Below $30,000