HUMBL Inc (OTCMKTS:HMBL)stock continues to see heavy selling pressure and the stock slipped below the $1 psychological mark for the first time since mid-January.
At the time of writing, HMBL stock is down by 15.65% at $0.89 after hitting a session low of $0.86. The stock has lost 70% over the past month as investors continue to sell high-flying stock due to concerns about their high valuations.
HMBL stock used to be a very popular stock earlier this year when the stock saw an unprecedented rise all the way from $0.60 to $7.72. However, those rallies could not hold and now the stock has slumped 90% from its 52-week high.
Humbl develops mobile applications for digital payments. In December 2020, the company went public through a merger deal with Tesoro.
It would be interesting to see if the stock can recover or not as risk-appetite for penny stocks have reduced considerably over the past 3 months.
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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.