Investors in KYN Capital Group (OTCMKTS:KYNC) have had a pretty harrowing time over the course of the past week or so as the stock suffered from a steep selloff.
Trading Data
On Monday, KYNC stock moved down 8.33% to $0.0077 with more than 43.39 million shares, compared to its average volume of 76.03 million shares. The stock has moved within a range of $0.0075 – 0.0087 after opening trade at $0.0085.
KYN Capital Group CTO Sets Stage for Future Appearances in Inc. Magazine
The trend continued yesterday as the stock went down by another 8% for the day and ended up clocking gains of as much as 32%. In this situation, it may be a good idea for investors to consider taking a look at some of the recent developments with regards to the company. It was announced that the company was making plans to work with its partner BW Property Management for providing further assistance to those who are homeless.
However, that was not all. The company also noted that it was going to work on the introduction in relation to the many functions of its own digital wallet.
In this context, it is also important for investors to keep in mind that at this point in time KYN Capital Group is also in talks with BW Property Management with regards to a merger/acquisition and it is believed that the deal is going to be completed at some point in 2022. Despite the decline in the stock price, the KYN Capital Group stock could be worth tracking.
Technical Data
KYNC stock is trading below the 20-Day and 50-Day Moving averages of $0.0080 and $0.0096 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0111.
