In the past week, the wholesale hemp based CBD supplements supplier and distributor Bloomios Inc (OTCMKTS:BLMS) has seen its stock go through a fairly rough time. During that period the stock declined by as much as 25% and it is now a good idea for investors to perhaps figure out if the current decline could in fact be an opportunity.
Trading Data
On Thursday, BLMS stock ended flat at $1.02 with more than 400 shares, compared to its average volume of 420 shares. The stock moved within a range of $1.0200 – 1.0200 after opening trade at $1.02.
Major Trigger
In this regard, it is perhaps necessary to point out that there has been no news about the company in the past week and hence, the selloff might actually appear a bit random. That being said, the Bloomios did make a major announcement back on January 31 that you could look into.
The company announced at the time that its registration statement that had been made on Form S-1 had actually been declared effective by the United States Securities and Exchange Commission. The statement actually became effective on January 26, 2022. It goes without saying that it was a significant development for the company but at the same time one needs to remember that it is unlikely that it had any effect on the Bloomios stock price. At this point, investors could do well to keep an eye on further news about Bloomios.
