Healthier Choices Management (HCMC) Stock Continues to See Selling Pressure: A Good Buy?

There were many stocks that performed poorly last week and one of those was the Healthier Choices Management Corp (OTCMKTS:HCMC) stock. There was no news about the company in recent days but on Friday the stock tanked by 10% and that took the total decline for the past week to as much as 18%.

While there was no news about Healthier Choices Management Corp, it should be noted that back on June 24 the company had announced that it signed an Exclusive Authorized Filling Agreement with 6PAK Solutions Inc for its Q-Cup technology for the Canadian market.

That was a major development for the company considering the fact that 6PAK Solutions is the distribution business of the company ATG Pharma Inc. Investors need to note that ATG Pharma is one of the biggest filling machine manufacturers in Canada and the United States and one of the machines it has developed is the Q-Cup robotic filling machine.

By way of this particular agreement, 6PAK is going to provide the Q-Cup to its licensed clients. In light of the latest drop in the stock price, it might be a good idea for investors to figure out if it might be an opportunity to get into the Healthier Choices Management stock.

Market Reaction:

On Friday, HCMC stock slid 10% at $0.0009 with more than 1.62 billion shares, compared to its average volume of 327.63 million shares. The stock had moved within a range of $ 0.0009 – 0.0010 after opening the trade at $0.0010. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0065.

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