HPIL Holding (HPIL) Stock Continues to Hit New High: Now What?
There were many stocks that made considerable gains last week and one of those was the Cybernetics Technologies Ltd or HPIL Holding (OTCMKTS:HPIL) stock. The company announced last week that it is going to start work on the development of its own electric-powered auto, which has been christened Apogee D7.
Cybernetics also announced that it is going to use powertrain technology owned by Apogee Dynamics Ltd for developing this product. The announcement was made on June 22 and it came as a major boost for the Cybernetics stock. Over the course the previous week, the stock ended up with gains of as much as 210%.
Hence, it might be argued that the stock could be in focus this morning and it remains to be seen if it can continue to maintain its momentum. Cybernetics is planning to for the Apogee D7 to be a vehicle that seats 4 people and in addition to deploying powertrain technology, there are going to be 10 additional partners from different industries who are also going to be involved in this project. Some of those partners are going to be diverse industries like green, technology and media among others.
However, all those additional partners are going to have one thing in common and that is disruptive business models. It has been revealed that all these partners are going to be making a contribution towards this vehicle and are going to have their imprints. The Chief Executive Officer of Cybernetic stated that the website for Apogee D7 is going to be live in the next 45 days.
HUMBL (HMBL) Stock Trades in a Narrow Range: Where Will it Go?
Earlier in the year, the HUMBL Inc (OTCMKTS:HMBL) stock had been one of the biggest gainers from among penny stocks but things have been quite different in recent months.
This past Friday, the stock jumped by 5% and that took its correction from its recent peak to as much as 25%. While that is true, it is also necessary for investors to remember that since hitting its low in May, the HUMBL stock has recovered strongly and gone up by 50%. There was no news about the stock on Friday that might have actually led to the decline but it might be a good time to look at some recent developments.
Earlier on this month, HUMBL announced that it had acquired well-known South America focussed ticketing platform Tickeri Inc. The acquisition was made in a deal worth as much as $20 million and it was facilitated through a combination of debts and stock. It is a significant development for HUMBL considering the fact that it will now be able to integrate its own services like mobile payments and peer to peer remittance services to the Tickeri platform.
That will help the company in expanding its services to a new market altogether. However, HUMBL is also planning to expand Tickeri internationally.
This month the company had also announced that it hired the services of Athletes First in the form of a strategic consultant. Athletes First is going to help HUMBL in relation to its various new business verticals including the one involving NFTs or non-fungible tokens.