Friendable Inc. (OTCMKTS:FDBL) Stock Continues to Fall: Down 25% in a Week

Friendable Inc. (OTCMKTS:FDBL) fell 13% on Tuesday and 25% in a week. The company has added ShamirMuzik to the Fan Pass Livestream platform.

Trading Data

On Tuesday, FDBL stock lost 13.33% at $0.0039 with more than 22.59 million shares, compared to its average volume of 16.50 million shares. The stock has moved within a range of $0.0038 – 0.0049 after opening the trade at $0.0045.

Latest Development

The artist platform is getting ready to create a case study ion ShamirMuzik highlighting his journey with Fan Pass and showing how artists can use the Fan pass “Artists Pro” service in improving livestreams with personalized merchandise, ticket sales, their eCommerce store, tips, and invitation of fans to download the app that creates subscribers adding to monthly revenues for artists by the platform.

Currently, ShamirMuzik is in a better position of artists that Friendable has focused on to demonstrate the potential of its offering and extend the reach of artists, visibility, and revenue. ShamirMuzik is an artist that has an indie label with social media followers, fans, streams, and exceptional connection with the audience, and Fan ass is looking to embrace the artist’s journey and share it with others, forming a case study running throughout 2021. Investors should watch FDBL.

Key Quote

“I am very excited to embark on my journey with Fan Pass. They are a great platform for artists to utilize, especially when it comes to connecting with your fan base and supporters. I’m encouraging artists to jump on board because this is the future of a new wave that nobody has seen yet,” said ShamirMuzik.

Technical Data

FDBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0061 and $0.0075 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0146. The stock is down 50% in the past month.