MicroCloud Hologram (NASDAQ:HOLO) Trading Down 7.3% – Here’s Why

MicroCloud Hologram Inc. (NASDAQ:HOLO) dropped 7.3% on Wednesday . The stock traded as low as $1.12 and last traded at $1.14. Approximately 19,460,774 shares changed hands during trading, a decline of 36% from the average daily volume of 30,514,146 shares. The stock had previously closed at $1.23.

MicroCloud Hologram Stock Down 7.3 %

The business has a 50 day simple moving average of $2.03 and a 200-day simple moving average of $3.91.

Institutional Investors Weigh In On MicroCloud Hologram

A number of institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in 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 purchasing an additional 325,785 shares during the period. XTX Topco Ltd grew its stake 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 valued at $63,000 after buying an additional 163,641 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of MicroCloud Hologram during the 4th quarter worth $232,000. Bravias Capital Group LLC purchased a new position in shares of MicroCloud Hologram in the 4th quarter worth $162,000. Finally, Virtu Financial LLC acquired a new position in MicroCloud Hologram in the fourth quarter valued at $53,000. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

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.