Reserve

Million

Billion

<ul class="list-ic vertical"> 
 <li> 1 <a>Vinco Ventures Inc. (NASDAQ: BBIG) stock lost 11.42% of its trading price on July 26.&nbsp;</a> </li> 
 <li> 2 <a>On the July 25 trading session, sellers overruled buyers and dragged the price to $4.01.&nbsp;</a> </li> 
 <li> 3 <a>Vinco Ventures owns 80% of Lomotif Private Limited (Lomotif), a video-sharing social networking platform.&nbsp;</a> </li> 
</ul> 
Vinco Ventures Inc. (NASDAQ: BBIG) stock lost 11.42% of its trading prices on the July 26 trading session; it opened trading at $4.33, lowered to $3.80. It hit a high of $4.40 and closed at $3.88 with intraday trading volume of 2.153 Million.&nbsp; 
Moreover, in the weekly time frame, BBIG stock price added 42.65% to its trading prices, and in the monthly time frame, its price grew more than 187.41%. In 52 weeks, Vinco Ventures Inc. stock’s lowest traded price was $1.12, and its highest trading price was $38.80. 
On July 24, 2023, trading session, buyers succeeded in pulling the price to $5.90, but failed to sustain at higher levels. However, sellers overruled buyers in the July 25 trading session and dragged the price to $4.01. 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh3.googleusercontent.com/jWiUIZXzw7FeJlxARumvpMESjVmCyCmPXRryHB4prLg5NZIiTj3iQU_4fHpHIJb_3WCBl8Vg1dGisToHWogxFGHNBgdvNXa_w3saKczwOysm2hwmDEHLj3a7AhhAR_4AVhjCN_86yQpV08wGCkoxRQ" alt="BBIG Stock Lost Over 11% Intraday; Further Decline Possible?"> 
 <figcaption class="wp-element-caption">
 Source: BBIG stock price chart from TradingView&nbsp; 
 </figcaption> 
 </figure> 
</div> 
In the past two trading sessions, sellers continued ruling over buyers and dragged the price below the expected support level. BBIG stock opened 5.93% higher in the pre-market trading session than the last closing price. 
Vinco Ventures Inc. (NASDAQ: BBIG) stock’s market capitalization is $48.304 Million, and its stock average volume is 7.627 Million. In 2021, the company’s market capitalization was quite close to $1 Billion and in 2022, it slipped over 66.70%. 
<h2 class="wp-block-heading" id="strong-vinco-ventures-inc-nasdaq-bbig-earnings-revenue-strong">Vinco Ventures Inc. (NASDAQ: BBIG) Earnings &amp; Revenue&nbsp;</h2> 
In Q1 2023, the revenue of Vinco Ventures was $11.53 Million, from which the company’s net income was -$372.95 Million with a profit margin of -3233.24%. Similarly, in Q2 and Q3 2023, the company’s reported revenue was $10.37 Million and $5.56 Million respectively. 
According to TradingView, 12.449 Million BBIG shares are free-floating, and 60.529k are closely held by the company’s financial backers or the board of directors. According to data from <a href="https://www.thecoinrepublic.com/2023/04/26/crunchbase-report-says-vc-funding-into-web3-firms-down-by-82/" target="_blank" rel="noopener noreferrer nofollow">Crunchbase</a>, the company has raised $50 Million in funding. 
Vinco Ventures, Inc. is a corporation that specializes in digital media and content technologies. Vinco Ventures owns 80% of Lomotif Private Limited (Lomotif), a <a href="https://www.thecoinrepublic.com/2023/07/15/sam-altman-shaping-the-future-of-open-ai-and-technology/" target="_blank" rel="noopener noreferrer nofollow">video-sharing</a> social networking platform dedicated to democratizing video creation. 
On Wednesday, the Federal Reserve hiked interest rates by a quarter percentage point or from 5.25% to 5.50%, which is the highest level in 22 years. Furthermore, the central bank’s statement hinted at the prospect of additional rate hikes, but it did not imply that such increases were near. 
<h5 class="wp-block-heading">Disclaimer&nbsp;</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

BBIG Stock Lost Over 11% Intraday; Further Decline Possible?

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Thecoinrepublic.com

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