Vimeo (OTCMKTS:VMEOV) Shares Down 8.6% – Here’s What Happened

Vimeo, Inc. (OTCMKTS:VMEOVGet Free Report) dropped 8.6% on Wednesday . The stock traded as low as $52.08 and last traded at $52.08. Approximately 39,700 shares were traded during trading, an increase of 134% from the average daily volume of 16,933 shares. The stock had previously closed at $57.00.

Vimeo Price Performance

The business has a 50-day simple moving average of $52.08 and a 200-day simple moving average of $52.08.

About Vimeo

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Vimeo, Inc owns and operates an online video platform for users to upload, share, and watch videos. The company's platform provides video player, collaboration, marketing, live streaming, analystics, hosting, and management solutions. It also provides Vimeo On Demand, an open self-distribution service that enables users to sell their works directly to their audiences and retain a share of the revenue after transaction costs; and Vimeo Create, a suite of tools for making social videos.

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