While it is true that some stocks managed to clock gains, there were others that ended the day on a sour note with losses and that’s the way of the market. However, if a stock falls sharply it doesn’t mean that it is to be avoided. At the end of the day, it may well be an opportunity since stocks can bounce back as well and that is what investors need to figure out.
On Wednesday, the One World Universe (OTCMKTS:OWUV) stock suffered from a fairly sharp selloff and ended the day with a decline of as much as 8%. It is now important for investors to work out if the stock is going to bounce back or if there are going to be further declines in the coming days. It may be a good time now for investors to take a closer look at One World Universe as a company and take a look at recent developments which may have had a bearing on the selloff.
Trading Data
On Wednesday, OWUV stock fell 7.67% to $0.0831 with more than 2.16 million shares, compared to a volume of 1.80 million shares. The stock moved within a range of $0.0741 – 0.0930 after opening trade at $0.0899.
About The Company
The company is registered in California and is involved in funding humanitarian efforts across the world. The company manages to accomplish that by way of the profits that it generates through the sales of services and products which are meant to bring about improvements in the lives of people who reside in the toughest environments. It should be noted that the company has been involved in supplying vital resources like basic necessities, medication, educational support, and personal protective equipment throughout the course of its existence.
One World Universe Inc. Announces FilmRise Acquires Rights to Green Beret’s Feature Film Debut “MVP”
Yesterday, the company came into focus after it emerged that One World Universe was in talks with regard to the acquisition of the controlling stake in a digital bank. The company noted that the metaverse and the internet have both made the world a smaller and more connected place. Hence, it was a logical move for One World Universe to work on the acquisition of a controlling stake in a digital bank that is also going to accept deposits.
Caren Currier, who is the Chief Executive Officer of One World Universe noted that the control of a digital bank is going to help in connecting its unit Ameritrust to a financial entity that is available throughout the globe. In turn, it is going to help in garnering more deposits. It is also going to help One World Universe in further expanding its humanitarian efforts on a much bigger scale.
While the announcement from the company was a significant one and could lead to a long-term boost, it did not lead to any optimism from the investors. The stock suffered from a fairly sharp selloff and it is going to be interesting to see if it can bounce back any time soon. At this point in time, it may be a good idea for investors to consider adding the One World Universe stock to their watch lists and watch out for further developments over the course of the coming days.
Technical Data
OWUV stock is trading above the 20-Day and 50-Day Moving averages of $0.0581 and $0.0355 respectively. However, the stock is trading below the 200-Day moving average of $0.1018. The company has a total market capitalization of $14.29 million. The stock is up 326% over the past 3 months.
