(24/7 MARKET NEWS) – Helbiz (NASDAQ: HLBZ) stated that its Board of Directors is examining measures to address the alleged illegal short selling of its stock. The move follows Genius Group’s (NYSE American: GNS) announcement that it created a comprehensive action plan to address this issue.
Helbiz is trading at $0.23, up $0.1069 (86.83%), on 60 million shares.
Its 52-week range is $0.1105 to $4.60. If it can take out the 33 and 53-cent resistance, it’s setup is favorable for a potential run to much higher levels.
To view the original Helbiz press release with multimedia: https://www.businesswire.com/news/home/20230120005267/en/
24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.
Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.
