Dear Cashmere Holding Company (OTCMKTS:DRCR) Stock Falls 20% In a Week: Here is Why

December 28, 2021December 28, 2021 Madison Hall Dear Cashmere Holding (OTCMKTS:DRCR), DRCR, DRCR news, DRCR stock, OTCMKTS:DRCR

While the betting industry continues to grow, there is a certain degree of interest among investors in companies like Dear Cashmere Holding Company (OTCMKTS:DRCR) which are involved in providing innovative solutions to sports betting companies.

Market Stats

On Monday, DRCR stock jumped 0.80% to $1.27 with more than 28k shares, compared to its average volume of 125k shares. The stock has moved within a range of $1.1600 – 1.3100 after opening trading at $1.26.

Releases a Summary of 2021 Progress

The company also provides its services to the financial sector. That being said, it should also be pointed out that over the course of the past week the stock has actually performed poorly and tanked by as much as 20% during the period. Despite the fall, it may be a good move to take a closer look at Dear Cashmere Holding Company and its business.

At this point, the company has already managed to come up with the development of as many as two mobile applications, one of which is for sports predictions and the other being a digital wallet. The two apps are powered by artificial intelligence. In addition to that, Dear Cashmere Holding Company has already sent in the patent application for the two apps.

These are important developments and investors need to consider these factors when considering the stock. At the end of the day, the sharp fall in the stock over the past week could in fact be an opportunity for new investors as well.

Key Quote

Swifty Global CEO, James Gibbons, commented: “It’s been a very exciting year for Swifty and I’m very proud of the team’s efforts, given what we have achieved in such a short time frame. I also want to thank our Shareholders and the 150 plus public beta testing participants for all their loyalty, support and feedback. We are extremely excited for the global rollout of the Swifty business in 2022.”

Traders Corner

DRCR stock is below the 20-Day and 50-Day Moving averages of $1.36 and $1.64 respectively. The stock is trading in the neutral zone with the RSI at 45.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.