Last year, HUMBL Inc (OTCMKTS:HMBL) had been one of the more sought after penny stocks in the market but the situation has changed somewhat in recent months. The stock has had a bit of volatility in recent times and this past Friday, it actually made a strong recovery to end the day with gains of 7%.
Trading Data
On Friday, HMBL stock moved up 6.93% to $0.1690 with more than 17.04 million shares, compared to its average volume of 11.30 million shares. The stock moved within a range of $0.1570 – 0.1850 after opening trade at $0.1650.
Latest News
That being said, it ought to be noted that despite the recover, it is still down by as much as 18% in the past week. There has been no fresh news about the company that could have triggered such a state of affairs with the stock.
As it happens, there how not been much news about the company for a fair while. The last major news with regards to HUMBL had emerged on November 23 last year when the company announced the latest release of the HUMBL Pay mobile wallet. It was a significant announcement from the company and one that could have long term ramifications as well. That being said, it is hard to see how that affected the latest moves in the HUMBL stock. It could be a good move to wait for more news to emerge about the company.
Technical Data
HMBL stock is below the 20-Day and 50-Day Moving averages of $0.22 and $0.31 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.77. The stock is down 72% in the past 3-month.
