WVVIP traded nearly 8 million shares on a day when fewer than 800,000 shares are outstanding.
A r/daytrading post accused the activity of being market manipulation, citing price swings from $2.50 to $20 in premarket and subsequent collapses.
The ticker surged to #43 on Tendie.bot's ranking with 278 comments and 250 upvotes, despite no related news or earnings announcements.
A preferred stock tied to a small Oregon winery became the subject of intense retail scrutiny on r/daytrading after a user claimed that ![]()
According to the Reddit user, WVVIP saw a dramatic premarket spike from $2.50 to $20, followed by a collapse, only to pump again in after-hours trading. The pattern, they argued, is indicative of wash trading and coordinated manipulation, activities that are
The allegations resonated widely on the platform, pushing WVVIP to debut on Tendie.bot's daily ranking at #43 with a score driven by 278 comments and 250 upvotes. The absence of any same-day corporate filings or news suggests the discussion was entirely organic reaction to the observed trading activity.
While the post did not provide direct evidence of wrongdoing, the sheer volume disparity and price volatility have drawn attention to the risks in thinly traded preferred stocks. The SEC and FINRA have previously flagged similar patterns in micro-cap equities, but enforcement actions remain rare.
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