Asia Broadband (AABB) Stock Forms Bearish Pattern: A Dead Cat Bounce Possible?

Over the course of the past month or so, the Asia Broadband Inc (OTC: AABB) stock has been in the middle of a downward trend. During the period, the stock has tanked by 60%.

However, when a stock loses that much in a month, it might also prove to be an opportunity for new investors and hence, it might be important to take a look at one recent event. Back on March 30, Asia Broadband announced that the management, as well as the members of the company’s board, have provided approval for a stock dividend.

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It was announced that investors were going to be awarded 1 share in the company in the form of a dividend for each block of 45 shares held as of May 3, 2021. This move was made by Asia Broadband following requests from shareholders with regards to a stock dividend. The company not only raised the dividend by 10% but also extended the date of record.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.