Why is Humbl (HMBL) Stock Up 30% From Yesterday’s Low?

Well, another day and another volatility for Humbl Inc (OTC: HMBL). The stock has suddenly soared 30% from yesterday’s low of $2.63. At the time of writing, HMBL stock is up by 8.50% at $3.38.

One must note that although the stock is up today, the stock has traded in a wide range of $3.12 to $3.52. After having a wonderful rally from November to February, the stock has given up about 55% from its 52-week high.

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Based on the chart, we can see that the stock has been moving in a wide range of $2.50 to $3.80 over the past month. So, if you are a trader and looking for a concrete direction, the stock may need to break these ranges (either side) and move accordingly. So one needs to be more careful when trading this kind of high volatility stocks. So, those who love to trade momentum penny stocks may look into HMBL stock. But do not forget penny stocks are very risky and tough to trade. For those who do not know, Humbl was listed on the stock exchange through a reverse merger with Tesoro (TNSP). It was kind of SPAC transactions, with the exception that Tesoro had business operations.

Jack Dawkins

Finance and Tech Contributor