One of the major fallers this past week was the ITOKK Inc (OTCMKTS:IKTO) stock. The stock suffered from a heavy selloff throughout the course of the week and declined by as much as 32% on Friday.
That took its decline for the past week to as much as 45%. Although the decline recorded by the ITOKK stock has been alarming it is also necessary for investors to keep in mind that there has been no news about the company that might have triggered such a strong selloff. Considering the fact that there has been no news for many months, it might be a good idea to just take a look at the current situation at the company.
The ITOKK stock is listed on the OTC Markets. However, the company’s operations are currently suspended and it is not even looking to get into any new financial obligations either. On the other hand, ITOKK is also assessing its current financial situation. To that end, it is looking into its costs of doing business and the possibility of making ITOKK a business with good reputation in the market. The decline in the stock may have been related to the drop in optimism about the ITOKK’s prospects as a business.
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