The mixed martial arts industry has grown at a remarkable rate over the course of the past few years and nowadays there are plenty of options for investors who are looking to cash in on the sector.
Trading Data
On Tuesday, DKMRD stock moved down by 21% to $15 with 690 shares, compared to its average volume of 626 shares. The stock has moved within a range of $8.70 – 16.95 after opening trade at $15.
FINRA Approves Xtreme Fighting Championships’ Reverse Stock Split And Stock Symbol Change To XFCI
One of the companies that could be worth looking into at this point in time is that of Xtreme Fighting Championships Inc. (OTCMKTS:DKMR), which is best known for operating one of the world’s best known mixed martial arts leagues. Yesterday, the Xtreme Fighting Championships stock was trading within a range but at the same time, it ought to be noted that the company did make a major announcement.
The company revealed yesterday that FIINRA or the Financial Industry Regulatory Authority provided the approval for a reverse stock split in the Xtreme Fighting Championships stock and also a change in the ticker symbol.
The approval from FINRA had come about last week on December 17, 2021. It was a major announcement from the company and one that could eventually have a major effect on the Xtreme Fighting Championships stock in the near term. Hence, it may be a good idea for investors to keep an eye on the company’s stock and see how it moves.
Technical Data
DKMRD stock is trading below the 20-Day and 50-Day Moving averages of $24.11 and $30.89 respectively. Moreover, the stock is trading below the 200-Day moving average of $85.70. The stock is down 42% in the past week.
