Geometry Dash APK Hill Climb Racing APK
43.8 F
New York
Friday, February 26, 2021

Healthier Choices Management Corp (HCMC) Stock Rockets on WallStreetBets Chatter

Must read

Greene Concepts (OTCMKTS:INKW) Hits New High: Soars 500% in a 2-Week Span

It is a well-known fact that one of the best ways of going about investing in stocks is...

Enzolytics Inc (OTCMKTS:ENZC) Continues to Move Higher On Massive Volume

Companies that are working on ways to tackle HIV are almost always an attractive proposition for investors, especially if the companies in...

Bombardier, Inc. (OTCMKTS:BDRBF) Uptrend at Risk: In Focus

British company Bombardier, Inc. (OTCMKTS:BDRBF) came into sharp focus among investors last week after a significant development. Major Triggers

Sunhydrogen Inc (OTCMKTS:HYSR) Continues to Trend Higher on High Demand

One of the sectors to have come into significant focus among investors in recent times is the hydrogen...

Over the past couple of weeks, members from Reddit investment community WallStreetBets have unleashed mayhem in the markets by pumping heavily shorted stocks and sending stock prices through the roof.

Two of the best-known target stocks were AMC and GameStop, however, the frenzy has spilled on to other stocks as well.

One such stock is that of Healthier Choices Management Corp (OTCMKTS:HCMC), which saw its stock soar by as much as 800% over the course of the past week and the remarkable rally in the stock continued yesterday.

On Monday, the Healthier Choices stock rallied by as much as 131% as investors continued to back it.

What to Watch?

The frenzy around many stocks led online trading firm Robinhood to impose restrictions on retail investors’ ability to buy shares and options contracts in GameStop and AMC. Some other stocks were restricted as well. However, such a drastic step has not actually stopped the investors from WallStreetBets to curb their campaign.

Experts believe that the investors from the community, which boasts of millions of members, have simply moved on to other stocks. It seems that the Healthier Choices stock is one of the beneficiaries in that regard.

The aggressive approach from those community members has continued and that has brought about the monstrous gains in the Healthier Choices stock.

In order to get a better idea about the latest action in the stock, it is perhaps better to look at cold hard data. According to the data, as many as a billion shares of the Healthier Choices stock have been traded by investors in recent days.

Such frenzied trading can often lead to enormous gains and that is exactly what has happened. The company, which is involved in providing consumers with healthier choices across a range of product categories, seems to have become the latest target of the WallStreetBets community.

Investors could do well to keep an eye on this stock this week as volitility is sure to continue.

Disclaimer: We hold no shares in HCMC stock.

Latest article

Healthier Choices Management (OTCMKTS:HCMC) Falls Following WallStreetBets Hype

Investing in stocks that are gaining momentum is often regarded as a sound investment and more often than not it works out...

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Enzolytics Inc (OTCMKTS:ENZC) In Focus: Regains It’s Momentum

One of the most notable gainers over the course of the past months has been the Enzolytics Inc stock. While it is...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...