While it is true that HUMBL Inc (OTCMKTS:HMBL) is perhaps one of the more popular small cap stocks at this point in time, it should be noted that in the past week the stock has suffered from a steep selloff. Last Friday, the decline in the stock continued as it ended the day with losses of 9% and that took the losses for the past week to as much as 33%.
Trading Data
On Friday, HMBL stock moved down 8.75% to $0.2410 with more than 13.92 million shares, compared to its average volume of 9.24 million shares. The stock has moved within a range of $0.2311 – 0.2600 after opening trade at $0.2551.
Recent Developments
Although the stock has performed poorly in recent days, investors need to keep in mind that HUMBL commands a significant following among the investors community and hence, it is a stock that could still be followed closely.
In addition to that, the stock is one of the leaders in terms of trading volumes in its category and in the past, it has had remarkable runs as well. In 2021, HUMBL had been a penny stock unicorn and hence, the current situation in the stock may not be a true reflection of the long term fortunes of the stock.
Accumulation of the stock has continued unabated from among investors and that is another major reason why investors could do well to keep the stock in their watch lists.
Technical Data
HMBL stock is trading below the 20-Day and 50-Day Moving averages of $0.31 and $0.41 respectively. However, the stock is trading above the 200-Day moving average of $0.91. The stock is down 24% in the past week.
