HomeFinancial MarketsPenny StocksHere is why Healthier Choices Management Corp. (HCMC) stock booming today

Here is why Healthier Choices Management Corp. (HCMC) stock booming today

Healthier Choices Management Corp. (OTC Pink: HCMC) shares rocketed 131.25% to $0.00185 at yesterday’s close to continue a bull run of over 800% in January. During the day stock price ranged from $0.001 to $0.002 with a volume of 12,309,146,669. Although the HCMC stock price continues to rise, its total market capitalization is $84 million.

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What happened…


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This happened amid Robinhood made an announcement that it intends to maintain its limitations on the trading of a number of companies including GameStop, AMC, as well as other companies that have shot up the past week.

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At present, investors in GameStop can only buy up to five options contracts or one additional share of the company. Today Robinhood reduced the number of securities it restricts trading to 8 from 50 yesterday. Healthier Choices Management Corp. (OTC Pink: HCMC) stocks seem to have benefited the most from the recent WSB frenzy. 

Finally,

A large proportion of the investors on Reddit have been aggressively investing in certain stocks, including HCMC stock. Based on the latest data, over a billion shares changed hands in the company.

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