Healthier Choices Management Corp (OTCMKTS:HCMC) Stock Bounces Back After The Big Fall

As the year comes to a closer, the Chief Executive Officers of many companies are releasing letters to the shareholders highlighting the milestones that had been hit in 2021 and one of those was the CEO of Healthier Choices Management Corp  (OTCMKTS:HCMC) on Monday.

Trading Data

On Monday, HCMC stock gained 22.22% to $0.0002 with more 3.27 billion shares, compared to its average volume of 626.14 million shares. The stock has moved within a range of $0.0001 – 0.0002 after opening trade at $0.0001.

Major News

Jeffrey Holman, the company’s CEO addressed the shareholders in his year end letter and it may be a good idea for investors to perhaps take a look at some of the highlights from it. As a matter of fact, the letter also led to a wave of optimism about the stock and it ended the day with gains of as much 22%.

The Healthier Choices Management Corp stock reversed the trend yesterday after it had fallen recently. In the letter, Holman spoke about the fact that it had been a pretty ‘tumultuous’ year and tanked the shareholders.

He stated that in 2022, Healthier Choices Management Corp is going to continue to work on its corporate growth programmes and thereby create more value for its shareholders. He stated that the company has set its sights on boosting revenues, expanding its suite of intellectual properties and also raise profitability in 2022.

Technical Data

HCMC stock is trading above the 20-Day and 50-Day Moving averages of $0.0003 and $0.0004 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0009. The stock is down 50% in the past month.