One World Universe (OTCMKTS:OWUV), which is primarily involved in making investments in the sports business space, was one of the major laggards on Monday.
Trading Data
On Monday, OWUV stock slumped 20.60% to $0.27 with more than 8.56 million shares, compared to its average volume of 4.10 million shares. The stock has moved within a range of $0.2560 – 0.3239 after opening trade at $0.30.
One World Universe Inc. to Purchase up to $100,000 in Sandbox Virtual Real Estate
The company is also involved in investing in distressed assets and companies in the emerging sector. Yesterday, the stock suffered from a heavy selloff and ended the day with a decline of as much as 20%. Yesterday, the company was in the news cycle after it announced a correction to the press release that it had sent out last Friday. In the release the company had announced that it had completed the acquisition of a 3*3 parcel.
However, in its correction, One World Universe noted that the acquisition of the land worth as much as $100000 is going to be completed by the end of the current week. However, that is not all. One World Universe also announced yesterday that on December 21, 2021 it was going to make an announcement with regards to its NFT Collection.
The official launch of the NFT Collection is going to be take place by the end of 2021. At this point, it remains to be seen if there is a change in sentiments among investors with regards to One World and if the stock can bounce back strongly.
Technical Data
OWUV stock is trading above the 20-Day and 50-Day Moving averages of $0.17 and $0.18 respectively. Moreover, the stock is above 200-Day moving average of $0.04. The stock is up 1025% in the past month.
