In recent times, the HUMBL Inc (OTCMKTS:HMBL) has been quite volatile and that can be seen from the price action in the stock in recent times. While it is true that the stock has tanked by 16% over the course of the past week, it is also necessary to note that it is still up by as much as 50% from its recent lows of 85 cents a share. There has been no specific news with regards to the company that might have led to the declines over the past week.
However, earlier on in the month, the company had announced that it acquired the Latin American ticketing platform named Tickeri Inc in a deal worth $20 million.
The deal was facilitated by debt as well as stock. The acquisition is going to give HUMBL access to customers in South America by integrating its peer to peer payments and remittance services into the ticketing platform. The company is also looking to expand the presence of the app on an international level.
Market Reaction:
On Thursday, HMBL stock was down 7.58% to $1.22 with more than 5.3 million shares, compared to its average volume of 11.89 million shares. The stock has moved within a range of $1.2000 – 1.3200 after opening the trade at $1.28. Over the past 52-week, the stock has been trading within a range of $0.0002 – 7.7200.
Moving Averages
| +/- EMA(20) | 1.37 (-10.95%) |
| +/- SMA(50) | 1.54 (-20.78%) |
| +/- SMA(200) | 1.45 (-15.86%) |
Key Performances
| 5-DAY PERF. | -15.66% |
| 1-MONTH PERF. | +34.07% |
| 3-MONTH PERF. | -60.90% |
| 6-MONTH PERF. | +174.77% |
| YTD PERF. | +97.03% |
| 1-YEAR PERF. | +304900.00% |
 Stock Extends Fall, But Sustain Above $1){kind=link}