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

MicroCloud Hologram logo with Business Services background

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report)'s stock price fell 7.3% during mid-day trading on Wednesday . The company traded as low as $1.12 and last traded at $1.14. 19,460,774 shares changed hands during 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 Performance

The stock has a 50-day moving average of $2.02 and a 200-day moving average of $3.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in MicroCloud Hologram by 336.3% during the 3rd quarter. Jane Street Group LLC now owns 422,656 shares of the company's stock valued at $152,000 after purchasing an additional 325,785 shares during the period. Virtu Financial LLC acquired a new position in MicroCloud Hologram during the 4th quarter valued at approximately $53,000. SBI Securities Co. Ltd. acquired a new position in MicroCloud Hologram during the 4th quarter valued at approximately $232,000. Bravias Capital Group LLC acquired a new position in MicroCloud Hologram during the 4th quarter valued at approximately $162,000. Finally, XTX Topco Ltd boosted its position in MicroCloud Hologram by 1,488.2% during the 3rd quarter. XTX Topco Ltd now owns 174,637 shares of the company's stock valued at $63,000 after purchasing 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

(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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