Profit booking is one of the reasons that many of the strong performers in the stock markets suffer from declines and that is what happened with the FBC Holding Inc (OTCMKTS:FBCD) stock last week. There has been absolutely no news about the company in recent months but the FBC stock has emerged as a major mover in the past three months.
Despite having declined by 22% last week, the stock has managed to deliver gains of as much as 700% over the course of the past three months. In this sort of situation, it is perhaps better for investors to take a look at the nature of FBC’s business in order to make up their minds about the stock.
The company is involved in the developing and selling of vinyl collectible toys and other related items. Some of the products that are sold by FBC include snow skates, flow board and flow saucers among others.
The products are primarily meant for artists and the company has created a variety of sales channels for its products. The company does not only sell through wholesale operators and retailers but also has online sales channels in place. Despite no news, it could be a stock worth tracking in light of the massive gains.
Market Reaction:
On Friday, FBCD stock gained 8.50% to $0.0190 with more than 62.38 million shares, compared to its average volume of 113.30 million shares. The stock has moved within a range of $0.0159 – 0.0207 after opening the trade at $0.0189 Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0325.
 Stock Pulls Back On Profit Taking: A Good Opportunity?){kind=link}