Verb Technology (NASDAQ:VERB) stock is rising higher on Monday after the company announced the addition of 100 new brands to its MARKET.live livestream social shopping platform.
With this expansion, Verb Technology is showing the strength of MARKET.live. This has investors excited on Monday as it’s a sign the company could continue to expand to a larger market.
Rory Cutaia, CEO of Verb Technology, said the following about the expansion.
“VERB’s MARKET.live remains committed to providing the extraordinary and diverse shopping landscape that empowers leading brands, retailers, and creators to engage their shopping audiences on multiple social media networks, including TikTok, Facebook, and Instagram, among others.”
Verb Technology has already been doing this with a recent deal with Meta Platforms (NASDAQ:META). The Facebook and Instagram parent company recently allowed Verb Technology to nativly handle shopping in those apps.
That also sent shares of VERB stock higher on Friday when the news broke. This makes sense as it allows customers to purchase apps from MARKET.live without having to leave the Facebook or Instagram apps.
Recent VERB Stock Movement
VERB stock is seeing heavy trading on Monday with more than 154 million shares traded. That’s well above its daily average trading volume of about 10 million shares.
VERB stock is up 41% on Monday morning. That builds on its Friday rally and has the company’s shares up 264.8% since the start of the year.
Investors seeking out even more of the most recent stock market news are in luck!
We have all of the hottest stock market stories that traders need to know about on Monday! Among that is what’s happening with shares of Tilray (NASDAQ:TLRY), Super Micro Computer (NASDAQ:SMCI) and Nvidia (NASDAQ:NVDA) stock today. You can find out more on these matters down below!
More Stock Market News for Monday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
