There was a time when the HUMBL Inc (OTCMKTS:HMBL) stock was one of the better performers from among small cap stocks but things have changed considerably in recent times and in recent time the stock has come under significant pressure.
Market Reaction
On Friday, HMBL stock fell 0.18% to $0.1099 with more than 5.49 million shares, compared to its average volume of 11.60 million shares. The stock moved within a range of $0.1095 – 0.1140 after opening trade at $0.1120.
HUMBL Announces Acquisition of HUMBL.com Domain Name
In this situation, it may be a good idea for investors to perhaps take a closer look at some of the recent developments. Last week, the company had come into focus on April 21 after it announced that it had been successful in acquiring the domain name www.HUMBL.com. Bria Foote, who is the Chief Executive Officer of the company, announced at the time that the acquisition of the domain name was a crucial step towards achieving HUMBL’s goals as a company.
A website is nowadays regarded as a highly important aspect of any publicly listed business. It gives investors and potential investors a window into the workings of the company and also provides vital information that can aid in investment decisions. The company also noted that it was working on the redesign of the official website and the new redesigned website is going to be launched at some point in the second quarter of this year.
Key Quote
“We formed HUMBL to deliver a global, consumer brand that is synonymous with Web3 and that allows customers to begin using blockchain in simple ways on our web platform,” said HUMBL CEO, Brian Foote. “Having the HUMBL domain name is a pivotal step forward in that journey.”
Traders Review
HMBL stock is trading below the 20-Day and 50-Day Moving averages of $0.12 and $0.13 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.50.
