Humbl Inc (OTC: HMBL) stock is seeing heavy selling pressure for the third consecutive day this morning. The stock is now down almost 13% and trading at the low of the morning session at $2.47.
Like any other penny stocks, HMBL stock has seen a lot of volatility over the past few weeks. In fact, the stock has fallen over 30% from Wednesday’s intra-day high of $3.57. Based on the chart, we can see that the stock has slipped below its recent low of $2.49 (March 17th). Now, from a trader’s point of view, it would be interesting to see if the stock can manage to find the support here and bounce back. But, one needs to be very cautious while trading penny stocks as they often swing big (up/down).
Earlier this Wednesday, the stock saw a sharp reversal from the recent rally as the company had executed an Equity Financing Agreement in which Brighton Capital Partners has agreed to purchase up to $50 million of HUMBL common stock. Keep HMBL stock on your watchlist as the stock may see a wide swing in coming sessions.