Investors were involved in a significant selloff in the Hollywall Entertainment Inc (OTCMKTS:HWAL) stock last week and this morning the stock could be in focus if there is any kind of rebound. This past Friday, the media, entertainment, technology, telecommunication and broadcasting company saw its stock declined by 3%.
Trading Data
On Friday, HWAL stock went down 3% at $1.30 with more than 2.6k shares, compared to its average volume of 4.32k shares. The stock has moved within a range of $1.0200 – 1.3700 after opening trade at $1.02.
Recent Press
The selloff took its decline over the course of the past week to as much as 18%. While the decline in the stock may have been significant, it is also true that it all may appear a bit random considering the fact that there was no news about the company last week.
In fact, there has been no news about Hollywall Entertainment for a long time and the last time the company was in the news was back in March this year.
At the time the company announced the financial statements for the fiscal years that ended on December 31, 2019 and December 31, 2018 which had been audited by a Public Company Accounting Oversight Board. It was a significant announcement from Hollywall Entertainment but at the same time it should be noted that it is unlikely that it had any impact on the latest selloff in the company’s stock.
Technical Data
HWAL stock is below the 20-Day and 50-Day Moving averages of $1.46 and $1.62 respectively. Moreover, the stock is below the 200-Day moving average of $2.09. The stock is down 12% in the past 3-month.
