What's Going On With Versus Systems Stock Tuesday?

Versus Systems, Inc. VS stock is moving higher on Tuesday after the company announced a new interim CEO and plans for strategic restructuring.

The Details: On Monday after the market closed, Versus Systems announced Curtis Wolfe as its new Interim CEO.

The company said it will evaluate its technologies, product offerings, client platforms and the market to ensure it delivers exceptional and secure gaming experiences. Additionally, the company will assess its partnerships with firms whose technologies complement Versus’s, aiming to create new growth opportunities.

“The Company thanks the outgoing management team, including those officers and directors who have brought the Company to where it is today,” said Juan Carlos Barrera, the acting chairman at Versus Systems. “We hope to build on their accomplishments as we usher in a new era for the Company, its customers, and shareholders.”

How To Buy Versus System Shares

By now you're likely curious about how to participate in the market for Versus Systems VS – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Versus Systems VS, which is trading at $1.88 as of publishing time, $100 would buy you 53.19 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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VS Price Action: At the time of publication, Versus Systems stock is trading 36.7% higher at $1.80 per data from Benzinga Pro.

Image: Tung Nguyen from Pixabay