Why HUMBL Inc (HMBL) Stock Keep On Falling Since February?

At the turn of the year, HUMBL Inc (OTCMKTS:HMBL) was one of the...

Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Kingstown Capital Partners is Buying Novelion Therap...
Biotech Is Hot And Oncomed Pharmaceuticals Inc. (NAS...
BTTX Stock Price is so consistent, can it go higher?

At the turn of the year, HUMBL Inc (OTCMKTS:HMBL) was one of the most popular penny stocks in the market and recorded enormous gains on the back of heavy interest from investors.

However, the stock has given up as much as 22% of its gains over the course of the past month and has now gone below the psychologically important level of $1 a share. In this situation, it is perhaps important for investors to figure out if it might be an opportunity to get into the HUMBL stock. Earlier in the month, it was announced that the Chief Executive Officer of the company Brian Foote decided to retire as many as 9350 Series B preferred shares in HUMBL that he owned.

It was a significant move considering the fact that those shares are equal to as many as 93,500,000 shares of the HUMBL common stock. A reduction in the number of shares can sometimes lead to a spike in the share price and hence, it is a development that might have a long-term effect on the HUMBL stock one way or another.

The total value of the shares when the request was sent in by Foote stood at $100,000,000. In this context, it is also necessary for investors to keep in mind that it was not the first time that Foote decided to go for such a move. Back in November last year, he had retired as many as 551,669,335 pre-split shares of the HUMBL common stock from the float.

Stay in the lopp :

Jerrick Media Holdings Inc. (OTCMKTS:JMDA) is...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jerrick Media Holdings Inc. (OTCMKTS:JMDA) reported that Gordon Christopher P.
ProBility Media Corp (OTCMKTS:PBYA) Stock Ann...

In the past week, the ProBility Media Corp (OTCMKTS:PBYA) stock has been in the middle of a sustained selloff and it has been

NMXS Stock Price is up BIG, can it go higher?...

Net Medical Xpress Solutions NMXS stock price is up 11% in the last 5 days & volume is up 43%, but

related post

Skip to content