Stocks often fall when investors decide to cash in on some of their profits and that is what seemed to have happened with the DarkPulse Inc (OTCMKTS:DPLS) stock yesterday.
After having clocked gains of as much as 150% over the course of a week, the DarkPulse stock declined by 31% as investors booked their profits. The laser sensing systems company had seen its stock soar after announced last week that it signed two letters of intent with regards to acquiring controlling interests in two companies.
One of those companies is Remote Intelligence LLC and other is Wildlife Specialists LLC. Both those firms are involved in providing fully integrated drone based and geo rectified 3D modelled mapping meant for applications related to various industries. Those applications are primarily meant for the oil and gas industry. The acquisitions could potentially unlock considerable value for DarkPulse shareholders and despite the decline in the stock price yesterday, it is a stock that could be added to the watch lists today.
On Wednesday, DPLS stock slumped by 31.20% to $0.0474 with more than 1.3 billion shares, compared to its average volume of 8042 shares. The stock has moved within a range of $0.0400 – 0.0969 after opening the trade at $0.0736. Despite the fall, the stock has more than doubled over the past week.
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|+/- SMA(50)||0.0214 (+121.50%)|
|+/- SMA(200)||0.0103 (+360.19%)|