HUMBL Inc (OTCMKTS:HMBL) was one of the many companies that saw its stocks go into a downward spiral yesterday. Although there was no news about the company, the HUMBL stock suffered from a strong selloff and ended the day with a decline of as much as 12% as a consequence.
Trading Data
On Tuesday, HMBL stock slid 12.30% to $0.0900 with more than 7.58 million shares, compared to its average volume of 10.05 million shares. The stock moved within a range of $0.0879 – 0.1049 after opening trade at $0.1049.
Recent Press Releases
The decline in the stock may seem a bit random to many investors and hence, it may be a good move to take a look at the last reported news about the company. Back on April 27, a significant piece of news emerged with regards to the company’s subsidiary unit Monster Creative.
It was noted that Monster Creative had been one of the significant contributors to the short film On The Clock. The film in question revolved around the NFL team Los Angeles Rams and its target of ‘stealing’ the NFL Draft for 2022. The short film got unprecedented coverage into the inside world of the Los Angeles Rams and it is likely that it could well turn out to be a successful short film.
However, it is also necessary to note that it is unlikely that this development with regards to Monster Creative was the reason behind the fall in the HUMBL stock yesterday.
Technical Data
HMBL stock is below the 20-Day and 50-Day Moving averages of $0.11 and $0.12 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.45.
