HomeTop MoversWhy Helbiz Inc. (HLBZ) stock lost its early gains in the after-hours...

Why Helbiz Inc. (HLBZ) stock lost its early gains in the after-hours on Tuesday?

Helbiz Inc. (HLBZ) shares fell 6.68% in after-hours on Tuesday, December 14, 2021, and moved at $7.13. However, in the regular trading session, HLBZ’s stock gained 10.09%. HLBZ shares have fallen 24.80% over the last 12 months, and they have moved down 5.45% in the past week. Over the past three months, the stock has lost 4.38%, while over the past six months, it has declined 24.99%.

Let’s discuss its recent news and developments.


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Global Partnership with Workplace

On December 14, 2021, Helbiz Inc. (HLBZ), announced its collaboration with the Meta’s Workplace platform, a leader in organizational communication and employee connection. This will enable all of its company’s workers to connect and communicate efficiently and effectively through the creation of Groups, Chat, Meeting Rooms, and LiveVideos.

Helbiz will be able to bring its remote offices around the world closer together for the first time, enabling the adoption of corporate culture among its constantly growing workforce.

HLBZ launched a new division

On December 14, 2021, Helbiz (HLBZ), launched its EMEA (Europe, Middle East, and Africa) Helbiz division and has appointed Matteo Mammì as CEO of the region, effective January 1, 2022. This division of Helbiz will group all business sectors including Helbiz Kitchen, Helbiz Media, and micro-mobility services for the EMEA region under one organizational structure.

HLBZ new helmet selfie feature

On December 08, 2021, Helbiz Inc. (HLBZ), launched an innovative technology and safety solution to promote the use of helmets. This new artificial intelligence and facial recognition feature will require users to take a selfie of themselves wearing a helmet to unlock and ride an e-scooter or earn an incentive. This initiative is part of Helbiz’s larger mission of offering safe and equitable transportation solutions for all.

HLBZ e-scooters & e-bikes fleet in Miami Lakes

On December 07, 2021, Helbiz Inc. (HLBZ), announced to deploy a fleet of innovative e-scooters and e-bikes in Miami Lakes after securing a 1-year permit.

Helbiz kicked off the launch of its vehicles in Miami Lakes by hosting a safety event for the local community this past weekend. The company’s Apprenticeship Program will also provide career pathway opportunities in the high-demand micro-mobility industry, and discounted rides for low-income residents through the Helbiz Access Program.

Conclusion

Well, we have some positive news which cannot be the reason behind its poor after-hours performance on Tuesday. We can expect it to return towards positivity in the coming trading session, based on recent positive developments, which we have discussed above.

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