HUMBL Inc (OTCMKTS:HMBL) Stock Extends Correction: But Why

Over the past years HUMBL Inc (OTCMKTS:HMBL) has moved into many new industries and emerged as one of the more interesting innovative tech companies. Yesterday the company came into the news cycle after it announced that it had gone into a marketing partnership with the Swish Foundation and the Swish Pro-Am Summer League.

Trading Data

On Thursday, HMBL stock lost 13.04% to $0.0026 with 197.16 million shares, compared to volume of 31.88 million shares. The stock moved within a range of $0.0023 – 0.0034 after opening trade at $0.0034.

HUMBL and The Swish Foundation Team Up on Basketball Marketing Partnership Across Digital Media and Logo Placements

As part of the agreement between the parties involved, the HUMBL logo would be displayed on the jerseys of the players and also on the courts at each game in the Swish Pro-Am Summer League. Some of the selected merchandise in relation to the league would be verified by BLOCKS and commemorated on the BLOCKS Registry. That would help in the effective tracking and verification of the league’s merchandise.

The Co-Founder and Vice Director of the Swish Foundation Michael Howell revealed that the organization was both excited and honored at the relationship that they forged with the HUMBL team. He went on to note that one of the major reasons behind the partnership was the fact that HUMBL also shared the same visions as the Swish Foundation. He went on to note that he was looking forward to discovering the different synergies that the two organizations could come up with.