Taking a look at what insiders are doing to gauge the Vinco Ventures Inc. (BBIG)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vinco Ventures Inc. shares valued at $60,000 were sold by McFillin Phillip Anthony on Aug 19. At $1.20 per share, McFillin Phillip Anthony sold 50,000 shares. The insider’s holdings dropped to 204,756 shares worth approximately $0.18 million following the completion of this transaction.

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Also, McFillin Phillip Anthony sold 75,000 shares, netting a total of over 107,752 in proceeds. Following the sale of shares at $1.44 each, the insider now holds 254,756 shares.

Before that, McFillin Phillip Anthony had sold 100,000 shares from its account. In a trade valued at $500,500, the Director traded Vinco Ventures Inc. shares for $5.00 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $0.3 million.

Analyzing BBIG’s Price Performance

On Wednesday, Vinco Ventures Inc. [NASDAQ: BBIG] plunged -6.40% to $0.90. The stock’s lowest price that day was $0.898, but it reached a high of $1.01 in the same session. During the last five days, there has been a drop of approximately -15.43%. Over the course of the year, Vinco Ventures Inc. shares have dropped approximately -44.10%. Shares of the company reached a 52-week high of $5.4900 on 01/18/22 and a 52-week low of $0.6700 on 08/03/22. A 50-day SMA is recorded $1.0042, while a 200-day SMA reached $2.2954. Nevertheless, trading volume fell to 5.81 million shares from 7.71 million shares the previous day.

Support And Resistance Levels for Vinco Ventures Inc. (BBIG)

According to the 24-hour chart, there is a support level at 0.8653, which, if violated, would cause prices to drop to 0.8256. In the upper region, resistance lies at 0.9773. The next price resistance is at 1.0496. RSI (Relative Strength Index) is 43.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0466, which suggests the price will decrease in the coming days. Percent R is at 90.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Vinco Ventures Inc. subject to short interest?

Stocks of Vinco Ventures Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.54 million shares to 36.86 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 36.32 million shares. A jump of 1.47% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.74 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.74.

Which companies own the most shares of Vinco Ventures Inc. (BBIG)?

According to BlackRock Fund Advisors filings, the company currently owns 11,078,923 shares, which is about 4.75% of the total BBIG shares outstanding. The investor’s shares have appreciated by 8,480,289 from its previous 13-F filing of 2598634.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $8,191,561. A total of 1,859,975 shares of Vinco Ventures Inc. were bought by Geode Capital Management LLC during the quarter, and 1,789,159 were bought by Millennium Management LLC. In its current portfolio, Northern Trust Investments, Inc. holds 1,552,506 shares valued at $1.51 million.


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