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MicroCloud Hologram (NASDAQ:HOLO) Trading Up 24.1% - Here's Why

MicroCloud Hologram logo with Business Services background

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) was up 24.1% during trading on Thursday . The company traded as high as $6.60 and last traded at $6.12. Approximately 30,896,721 shares traded hands 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 Stock Performance

The company has a 50 day simple moving average of $2.41 and a two-hundred day simple moving average of $6.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOLO. XTX Topco Ltd lifted its position in MicroCloud Hologram by 1,488.2% in 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 in the last quarter. Jane Street Group LLC raised its holdings in shares of MicroCloud Hologram by 336.3% during the third quarter. Jane Street Group LLC now owns 422,656 shares of the company's stock worth $152,000 after acquiring an additional 325,785 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in MicroCloud Hologram by 1,122.9% during the second 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 during the last quarter. 2.13% of the stock is owned by hedge funds and other institutional investors.

MicroCloud Hologram Company Profile

(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.

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