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WiMi Hologram Cloud (NASDAQ:WIMI) Shares Gap Up - Still a Buy?

WiMi Hologram Cloud logo with Computer and Technology background

WiMi Hologram Cloud Inc. (NASDAQ:WIMI - Get Free Report)'s share price 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 changing hands.

WiMi Hologram Cloud Stock Performance

The company has a 50 day simple moving average of $13.59 and a 200 day simple moving average of $17.98.

Institutional Trading of WiMi Hologram Cloud

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new stake in shares of WiMi Hologram Cloud during the 4th quarter valued at about $45,000. Cubist Systematic Strategies LLC bought a new position in shares of WiMi Hologram Cloud during the 4th quarter valued at about $91,000. Two Sigma Securities LLC increased its holdings in shares of WiMi Hologram Cloud by 83.9% in the fourth quarter. Two Sigma Securities LLC now owns 85,868 shares of the company's stock valued at $159,000 after buying an additional 39,176 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of WiMi Hologram Cloud in the 4th quarter valued at $142,000. Finally, Marshall Wace LLP purchased a new stake in shares of WiMi Hologram Cloud in the 4th quarter valued at approximately $169,000. 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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