Verb Technology Company, Inc. VERB shares are trading lower Wednesday as the stock pulls back after rallying Tuesday on news of a technology integration with global social media platform TikTok.
What To Know: Verb stock jumped over 300% on abnormally high volume Wednesday after the company announced it completed and launched a technology integration and strategic relationship with TikTok.
Among the highlights of the collaboration were the benefits to Verb's livestream social shopping platform called MARKET.live through exposure to TikTok's 150 million US users.
However, shares pulled back sharply on Wednesday on above-average volume. According to data from Benzinga Pro, the stock experienced trading volume of 12.40 million shares on Wednesday compared to its average volume of 1.70 million.
Related Link: US Stocks Drop As Rising Dollar, Treasury Yields, Oil Prices Weigh On Sentiment: What's Driving Markets Wednesday?
VERB Price Action: Shares of VERB were down 38.1% at $1.98 at the time of publication, according to Benzinga Pro.
Image by 3D Animation Production Company from Pixabay
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