MicroCloud Hologram (NASDAQ:HOLO) Shares Gap Up – Here’s What Happened

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares gapped up before the market opened on Monday . The stock had previously closed at $2.40, but opened at $4.51. MicroCloud Hologram shares last traded at $6.90, with a volume of 185,392,279 shares changing hands.

MicroCloud Hologram Price Performance

The firm’s 50-day simple moving average is $2.31 and its 200 day simple moving average is $7.26.

Hedge Funds Weigh In On MicroCloud Hologram

Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in MicroCloud Hologram by 1,122.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 428,000 shares of the company’s stock worth $351,000 after acquiring an additional 393,000 shares during the last quarter. Jane Street Group LLC boosted its position 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. Finally, XTX Topco Ltd increased its stake in shares of MicroCloud Hologram by 1,488.2% in the third quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock worth $63,000 after purchasing an additional 163,641 shares in the last quarter. 2.13% of the stock is owned by 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.