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Why Vinco Ventures Stock Just Fell 13%

Why Vinco Ventures Stock Just Fell 13%

Vinco Ventures (NASDAQ: BBIG) shareholders lost ground to the market on Wednesday, with the stock dropping 13% by 1 p.m. EDT. The company has appointed a new CEO and CFO, with Lisa King now stepping into the top management position. Executives said the management transition is going smoothly, although surprise changes at this level can produce volatility in a company's strategic approach and operating results.