Verb Technology Company Inc (NASDAQ:VERB) shares spiked higher in early trading Thursday after the company announced an upcoming event in collaboration with TikTok Shop.
What Happened: Verb Technology announced an upcoming special celebratory event with TikTok Shop that will mark the beginning of a partnership between Verb's MARKET.live and TikTok Shop. The partnership aims to revolutionize the way consumers engage with brands.
The event is set to take place on April 25 at MARKET.live studios. The centerpiece of that day will be a speaking panel that discusses the latest trends and innovations in livestream shopping. Verb noted that more than 350 attendees are expected, including prominent industry figures, influencers and brands.
"This joint event represents the beginning of a very promising and exciting partnership for both MARKET.live and TikTok Shop," said Rory Cutaia, CEO of Verb Technology.
Is VERB A Good Stock To Buy?
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Verb Tech's page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Verb Tech does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Verb Tech will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
VERB Price Action: Verb Technology shares were up 17.9% at 21 cents at the time of publication, according to Benzinga Pro.
Photo: 3844328 from Pixabay.