One of the stocks that declined sharply on Wednesday was that of ProBility Media Corp (OTCMKTS:PBYA). Yesterday, it was announced that the company reached an agreement with 154 Agency LLC by way of which the latter is going to be involved in taking care of all kinds of digital marketing work for ProBility Media and its subsidiary companies.
While it is true that it is a significant development for ProBility Media, the news was no welcomed with any kind of enthusiasm by the shareholders. The stock tanked by as much as 15% yesterday amidst a strong selloff. In this situation, it is perhaps important to figure out if this decline could actually be an opportunity for investors or not.
154 Agency is well known for providing a range of services to its clients starting from content marketing and public relations to creative strategy and social media. According to reports, the company provided its signature overhaul services ProBility Media and its subsidiary companies.
It is an association that could help ProBility media and its subsidiaries in setting up a more robust digital marketing strategy for the modern world. While the selloff in the stock yesterday may be a cause for worry, it remains to be seen if the stock recovers today.
Market Reaction:
On Wednesday, PBYA stock fell 15.40% at $0.0055 with more than 148.39 million shares, compared to its average volume of 141.27 million shares. The stock had moved within a range of $0.0052 – 0.0074 after opening the trade at $0.0066. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0102.
 Stock Sees Selling Pressure: What to do Now?){kind=link}