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#HCMCDay: What HCMC Stock Investors Are Saying About the May 3 $100 Plan

Healthier Choices Management (OTCMKTS:HCMC) stock is soaring higher on Monday as investors in the penny stock celebrate a new holiday for the shares.

a vaping device held in a cloud of vapor

Source: Shutterstock

The holiday is being spread around on social media by investors using the #HCMCDay hashtag. This has investors pushing for others to spend $100 on shares of the stock in an effort to squeeze out the shorts and send the stock higher.

Let’s take a look at what some HCMC stock investors have to say about #HCMCDay over on Twitter (NYSE:TWTR).

It’s worth pointing out that the hype around HCMC stock comes as the company prepares to release its earnings report this week. Those earnings will come out on Wednesday and investors are likely hoping to pump up the price of the stock before then.

Another thing for investors in HCMC stock to note is that the company is caught up in a legal battle right now. This has it targeting Philip Morris (NYSE:PM) in a legal dispute over one of its patents. PM is working to dismiss the case but no ruling has been made yet.

#HCMCDay has shares of the stock experiencing heavy trading today. That has more than 3.5 billion shares of the stock changing hands as of this writing. For some perspective, the stock’s daily average trading volume is 243 million shares.

HCMC stock was up 16.7% as of Monday morning.

Healthier Choices Management isn’t the only penny stock that has caught the attention of Reddit lately.

Several other penny stocks are also getting extra light shined on them. Among them are Helios and Matheson (OCTMKTS:HMNY), Electrameccanica Vehicles’ (NASDAQ:SOLO), and Citius Pharmaceuticals (NASDAQ:CTXR). Investors can find out more about these below.

More Reddit Penny Stocks

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed


Article printed from InvestorPlace Media, https://investorplace.com/2021/05/hcmcday-what-hcmc-stock-investors-are-saying-about-the-may-3-100-plan/.

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