MicroCloud Hologram (NASDAQ:HOLO) Trading Up 24.1% – Here’s What Happened

MicroCloud Hologram Inc. (NASDAQ:HOLO)’s stock price rose 24.1% during mid-day trading on Thursday . The stock traded as high as $6.60 and last traded at $6.12. Approximately 30,896,721 shares were traded during trading, an increase of 735% from the average daily volume of 3,700,983 shares. The stock had previously closed at $4.93.

MicroCloud Hologram Trading Down 21.7 %

The company has a fifty day simple moving average of $2.43 and a 200 day simple moving average of $6.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in shares of MicroCloud Hologram by 1,122.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 428,000 shares of the company’s stock valued at $351,000 after purchasing an additional 393,000 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of MicroCloud Hologram by 336.3% during the 3rd quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock worth $152,000 after buying an additional 325,785 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of MicroCloud Hologram by 1,488.2% during the 3rd quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock worth $63,000 after buying an additional 163,641 shares during the period. Institutional investors and hedge funds own 2.13% of the company’s stock.

MicroCloud Hologram Company Profile

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.