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MicroCloud Hologram (NASDAQ:HOLO) Trading Down 7.3% - Here's What Happened

MicroCloud Hologram logo with Business Services background

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) shares fell 7.3% on Wednesday . The company traded as low as $1.12 and last traded at $1.14. 19,460,774 shares were traded during mid-day trading, a decline of 36% from the average session volume of 30,514,146 shares. The stock had previously closed at $1.23.

MicroCloud Hologram Stock Up 31.9 %

The business's 50-day moving average is $2.02 and its two-hundred day moving average is $3.80.

Institutional Investors Weigh In On MicroCloud Hologram

A number of institutional investors and hedge funds have recently bought and sold shares of HOLO. Jane Street Group LLC lifted its position in MicroCloud Hologram by 336.3% in the third quarter. Jane Street Group LLC now owns 422,656 shares of the company's stock valued at $152,000 after acquiring an additional 325,785 shares during the last quarter. XTX Topco Ltd lifted its position in MicroCloud Hologram by 1,488.2% in the third quarter. XTX Topco Ltd now owns 174,637 shares of the company's stock valued at $63,000 after acquiring an additional 163,641 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in MicroCloud Hologram in the fourth quarter valued at $232,000. Bravias Capital Group LLC purchased a new stake in MicroCloud Hologram in the fourth quarter valued at $162,000. Finally, Virtu Financial LLC purchased a new stake in shares of MicroCloud Hologram in the fourth quarter valued at about $53,000. 2.13% of the stock is owned by hedge funds and other institutional investors.

About MicroCloud Hologram

(Get Free Report)

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.

Further Reading

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