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WiMi Hologram Cloud (NASDAQ:WIMI) Shares Gap Up - Here's Why

WiMi Hologram Cloud logo with Computer and Technology background

Shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $4.06, but opened at $4.23. WiMi Hologram Cloud shares last traded at $5.59, with a volume of 3,596,333 shares trading hands.

WiMi Hologram Cloud Price Performance

The stock's 50-day moving average is $13.59 and its 200 day moving average is $17.97.

Hedge Funds Weigh In On WiMi Hologram Cloud

Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new position in WiMi Hologram Cloud in the fourth quarter valued at approximately $33,000. Two Sigma Investments LP bought a new stake in WiMi Hologram Cloud in the 4th quarter valued at $45,000. Private Advisor Group LLC acquired a new position in WiMi Hologram Cloud in the 4th quarter worth $54,000. Bravias Capital Group LLC bought a new position in WiMi Hologram Cloud during the 4th quarter worth about $61,000. Finally, Virtu Financial LLC raised its stake in shares of WiMi Hologram Cloud by 97.9% in the 3rd quarter. Virtu Financial LLC now owns 61,676 shares of the company's stock valued at $64,000 after purchasing an additional 30,512 shares during the period. Institutional investors own 0.96% of the company's stock.

WiMi Hologram Cloud Company Profile

(Get Free Report)

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.

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