Verb Tech falls after surging on TikTok tie-up

Ton Strategy

06/09/2023 11:27

** Shares of Verb Technology  VERB.O  fall 25% to $2.40
premarket after jumping more than four-fold in value in previous
session to a 4-month high
    ** VERB was fifth most traded Nasdaq stock at 6:22 a.m. ET
    ** Stock soared 347% in its best day on Tuesday after co's
multi-vendor shopping platform Market.live announced a tie-up
with TikTok 
    ** Market.live vendors to now get direct access to TikTok's
150 million U.S. users and their customers can check-out
directly through the social media app
    ** VERB was the #6 most-traded stock by U.S. retail traders,
according to J.P.Morgan, with 30,113 buy orders outnumbering
23,767 sell orders
    ** Stock has halved in value this year so far

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))