Last week the InCapta (OTCMKTS:INCT) stock had come into focus among investors after it had recorded handsome gains in the previous week but the situation changed quite dramatically this past Friday.
Trading Data
On Friday, INCT stock plunged 33.33% at $0.0002 with more 180.59 million shares, compared to its average volume of 250.36 shares. The stock has moved within a range of $0.0001 – 0.0003 after opening trade at $0.0002.
Recent News
The stock suffered from a strong selloff on Friday as investors headed for the exits and ended up with a decline of as much as 33%. In this context, it is perhaps important to point out that there was no news about the company on Friday that could have led to such a fall. As a matter of fact, there has been no news about InCapta for many months and the last time any news emerged about the company was back in January this year.
At the time, InCapta had provided an update in relation to the plans it had put in place for generating further growth. The company noted that it was going to submit all its future and past billings to the OTC Markets so that it could manage to get its standing in order. In this context, InCapta noted that it was the best way in which it could keep shareholders as well as the wider public abreast of the latest happenings at the company.
Technical Data
INCT stock is trading below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. Moreover, the stock has pivot point at $0.0002. The stock is down 2% in the past month.
