Verb Technology (NASDAQ:VERB) Continues to Gain: Hit New High
Interactive video based sales enabling application company Verb Technology (NASDAQ:VERB) has continued with its momentum this morning and jumped by 35% so far. That took the stock’s gains for the week so far to 65% and it might be the right time for investors to take a closer look at an announcement form the company yesterday.
The company announced yesterday that it entered into a partnership with the product brokerage and global e-commerce firm Market America Worldwide to launch a new product named SHOP LIVE. It is a unique new product that is for providing an interactive live streaming service to the global distributors of Market America Worldwide.
These distributors are known as UnFranchise Owners (UFO). Due to the features that are going to be available on SHOP LIVE, any UFO will be able to interact with their customers and even conduct live streams in which they can explain the merits of their products to the customers with far more ease. Moreover, SHOP LIVE is going to enable the UFOs to sell their wares to anyone at any time and that is something that can ultimately boost sales considerably in the long run. Investors could do well to keep an eye on the Verb Technology stock today.
Market Reaction:
As of 12:15, VERB stock soared 33% at $3.31 with more than 137.83 million shares, compared to its average volume of 6.82 million shares. The stock had moved within a range of $2.7800 – 3.5800 after opening the trade at $3.06. Over the past 52-week, the stock has been trading within a range of $0.9200 – 3.5800.
