Earlier on in the year, HUMBL Inc (OTCMKTS:HMBL) had been one of the major gainers from among penny stocks but things have been quite different in recent times. Yesterday, the stock continued to suffer from a selloff and declined by 3% to take the cumulative decline for the past week to as much as 20%.
Trading Data
On Wednesday, HMBL stock fell 3.20% at $0.4840 with more than 11.45 shares, compared to its average volume of 4.56 million shares. The stock has moved within a range of $0.4012 – 0.5100 after opening trade at $0.50.
Latest News
There was no news about the company yesterday but in this regard it might be a good move for investors to take a look at a development from November 10. At the time the company announced that it was going to be more engaged with Kellton Tech Solutions Limited for the purpose of creating the HUMBL Pay Mobile App.
It was a major announcement from the company but it did not lead to any excitement or enthusiasm from investors and the HUMBL stock started declining.
The core technical team at HUMBL comprising of the Chief Technical Officer and other personnel are going to be joined by people from Kellton Tech Solutions in order to create the features of the HUMBL Pay Mobile App. It is a pivotal product for the company and although the stock has declined, it remains to be seen if the HUMBL stock can bounce back or not.
Technical Data
HMBL stock is below the 20-Day and 50-Day Moving averages of $0.62 and $0.72 respectively. Moreover, the stock is trading below the 50-Day moving average of $1.68. The stock is down 37% in the past 3-month.
