HUMBL (HMBL) Stock Retreats From The Peak: What’s The Buzz?
Earlier in the year, HUMBL Inc (OTCMKTS:HMBL) had emerged as one of the more popular companies for those who were interested in penny stocks. The stock delivered strongly as well.
However, in recent weeks, the situation has been a bit different for the HUMBL stock. Last month the stock had actually hit a new log but eventually, it managed to bounce back and rally by as much as 100%. However, last week the HUMBL stock had another disappointing run and ended the week with declines of 15%. There was no specific news about the company last week but it might be worthwhile to take a look at some of the important developments.
Earlier in the month the company announced that it had completed the acquisition of the Latin America-based ticketing platform Tickeri Inc. HUMBL completed the acquisition in a deal that was worth $20 million and it was facilitated in the form of both debts as well as stock. It gives HUMBL a gateway into providing Latin American customers with mobile pay services and peer-to-peer remittance services in addition to ticketing. The company will add its services to the Tickeri platform and eventually there are plans to look for international expansion.
While the acquisition of Tickeri is an important development for the company, it should be noted that HUMBL has been working on a range of fronts in recent times. Last month the company announced a move into the non-fungible token (NFT) space as well and that had created a fair amount of buzz as well.
The NFT space has grown at a breakneck pace in recent times and hence, HUMBL’s move to come up with an NFT gallery could also be seen as an important one. The NFTs are meant for creators by way of which they can protect their interests. It remains to be seen if the stock can recover this week.
Hertz Global Holdings (HTZGQ) Stock is Back In Action: A Good Opportunity?
Car rental company Hertz Global Holdings Inc (OTCMKTS:HTZGQ) was in considerable focus in the markets last week after the company announced that its plan of reorganization had been accepted by the Bankruptcy Court.
That was the main trigger that saw the stock deliver gains of as much as 10% last week. However, in this regard, it is also necessary to point out that the Hertz Global stock has performed well since April and up until now it has gained as much as 500%. The reorganization plan from Hertz has already been approved by as many as 97% of all its shareholders.
It is a major development for the company in a number of ways. The approval from the Bankruptcy Court has also paved the way for Hertz Global to come out of bankruptcy by the end of this month. More importantly, the restructuring of the company is also going to help in strengthening the balance sheet considerably.
In addition to that, the company is also going to have much more financial freedom than it had in the past. It is necessary for investors to keep in mind that Hertz Global’s finances had been in tatters after its business was wrecked by the coronavirus pandemic. That eventually forced the company to file for bankruptcy.
As per the provisions of the reorganization plan from Hertz Global, the company is going to pay off debts to the tune of $5 billion and that is also going to include the entirety of its European corporate debt. In addition to that, the plan is also going to provide $2.2 billion in the form of global liquidity.
The company has been in major focus for the past weeks since it had been the subject of a bidding war between two groups of investors who were looking to bring it out of bankruptcy. It was finally resolved last month and it now appears that Hertz Global is going full tilt towards a new chapter.