FaZe Clan stock began growing after a long decline

The esports giant FaZe Clan stock has started growing after a long decline. It is reflected by the data provided by the stock exchange NASDAQ.

At the moment of writing, the price of the holding’s share is equal to $2.94. During its decline, the price of FaZe Clan stock reached its minimum value of $2.46. The statement of the management of the holding that they were planning to release up to 70 million shares has only accelerated the fall.

FaZe Clan entered the stock market after merging with B. Riley Principal 150 Merger Corp. for $987,000,000 at the end of July this year. Initially, Faze Holding Inc. was demonstrating good results. The peak price of their stock was equal to $20.08 for a single share on August 8.

Faze Holding Inc. has rosters in such disciplines as CS:GO, Valorant, Rocket League, Rainbow Six, Call of Duty, PUBG, PUBG Mobile, and Halo. Besides participating in various esports tournaments, the company sells its merchandise and works with many content creators.

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