VERB Inventory - Why is Verb Technology (VERB) increasing its inventory again today?

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verb technology (NASDAQ:verb) Shares are rising on Monday after the company announced it would be adding 100 new brands to its MARKET.live livestream social shopping platform.

With this expansion, Verb Technology leverages the strengths of MARKET.live. This excited investors on Monday as a sign that the company could continue expanding into larger markets.

Rory Cutaia, CEO of Verb Technology, said of the expansion:

“VERB's MARKET.live remains committed to providing an exceptional and diverse shopping environment where leading brands, retailers, and creators can engage shopping users across multiple social media networks, including TikTok, Facebook, and Instagram. I’m here.”

Verb Technology is already doing this with a recent contract. meta platform (NASDAQ:meta). Facebook and Instagram's parent companies recently enabled Verb Technology to handle shopping on those apps natively.

This also caused the share price of VERB stock to rise on Friday when the news broke. This makes sense since customers can purchase apps from her MARKET.live without leaving her Facebook or Instagram apps.

Recent VERB stock movements

VERB stock was actively traded on Monday, with more than 154 million shares changing hands. This is significantly higher than the company's average daily trading volume of approximately 10 million shares.

VERB stock was up 41% on Monday morning. This builds on Friday's gains, with the company's stock up 264.8% since the beginning of the year.

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On the date of publication, William White did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer and are influenced by InvestorPlace.com. Publishing guidelines.



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