Investors Purchase Large Volume of Call Options on Vinco Ventures (NASDAQ:BBIG)


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Vinco Ventures, Inc. (NASDAQ:BBIG) was the recipient of unusually large options trading on Tuesday. Investors purchased 2,341 call options on the company. This is an increase of approximately 391% compared to the typical volume of 477 call options.

A hedge fund recently bought a new stake in Vinco Ventures stock. Rovida Advisors Inc. bought a new position in Vinco Ventures, Inc. (NASDAQ:BBIG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 329,973 shares of the company’s stock, valued at approximately $452,000. Rovida Advisors Inc. owned 2.31% of Vinco Ventures at the end of the most recent reporting period. 5.68% of the stock is currently owned by institutional investors.

Vinco Ventures stock traded up $0.23 during trading hours on Tuesday, reaching $4.24. 583,823 shares of the company were exchanged, compared to its average volume of 7,520,117. The firm has a market capitalization of $80.36 million, a price-to-earnings ratio of -2.65 and a beta of 0.60. The firm has a 50-day moving average price of $2.97. Vinco Ventures has a 12 month low of $1.11 and a 12 month high of $9.40.

Vinco Ventures (NASDAQ:BBIG) last posted its quarterly earnings data on Monday, November 23rd. The company reported ($0.30) earnings per share for the quarter. The firm had revenue of $4.25 million during the quarter.

About Vinco Ventures

Vinco Ventures, Inc operates as a consumer product research and development, manufacturing, sales, and fulfillment company in North America, the Asia Pacific, and Europe. The company offers toys, plush, homewares, and electronics to retailers, distributors, and manufacturers through e-commerce channels.

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