$IDGC Cannabis Stock Laggard: Idglobal Corp (IDGC) Sheds 50.0% at Midday on June 8
Idglobal Corp (IDGC) had a tough morning trading session on June 8, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 50.0%. After closing the previous session at $0.0002, shares of IDGC opened this morning at 0.0001 and are trading at $0.0001 at the lunch break. So far, about 39.81 million shares have changed hands, compared to an average 30-day volume of 18.37 million for Idglobal Corp. Shares moved as high at $0.0002 and as low as $0.0001 in AM trading action.
The share depreciation gives the company a market capitalization of $925,383 based upon 4.63 billion shares outstanding.
In the past 52 weeks, shares of Idglobal Corp have traded as low as $1e-06 and as high as $0.0002. Technical traders will take note that at $0.0001, shares of IDGC are trading above their 50-day moving average (MA) at $0.0 and above their 200-day MA at $0.0. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.