Last Friday, the HUMBL Inc (OTCMKTS:HMBL) stock has emerged as one of the major gainers from among penny stocks and ended up with gains of as much as 50% following a key announcement.
Trading Data
On Monday, HMBL stock slumped 9.27% at $0.5390 with more than 15.16 million shares, compared to its average volume of 5.10 million shares. The stock has moved within a range of $0.5065 – 0.6400 after opening trade at $0.6350.
Latest News
Although the stock corrected on Monday and declined by 9%, it might be a good time for investors to take a look at the development from last Friday. HUMBL announced that it had decided to retain the services of George Sharp yet again as its Capital Market Advisor. It was a significant announcement from the company and the implications of the move may have led to optimism among investors.
As per the announcement from the company, Sharp is going to guide the company through the application process related to uplisting to the OTCQB tier at the OTC Markets. Eventually, HUMBL is looking to list its stock to the NASDAQ and Sharp is going to be its consultant for the whole journey. The possibility of uplisting to bigger exchanges can always come as a source of considerable excitement for investors and that might have been the case with the rally in the HUMBL stock on Friday. It might be a good idea to keep an eye on HUMBL this morning.
Technical Data
HMBL stock is below the 20-Day and 50-Day Moving averages of $0.59 and $0.70 respectively. Moreover, the stock is trading below the 50-Day moving average of $1.61. The stock is down 32% in the past 3-month.
