Meme Traders Fuel 2,650% Spike in Battered Holographic-Tech Company [BNN Bloomberg (Canada)]
MicroCloud Hologram Inc. - Ordinary Shares (HOLO)
Company Research
Source: BNN Bloomberg
MicroCloud Hologram Inc. soared as high as $41.53 Thursday from a $1.50 record low earlier this week, with more than $1.7 billion in shares traded as posts about the stock pop up across platforms like Reddit's WallStreetBets and StockTwits. Even with the eye-popping move, shares remained 67% lower than a January 2023 high with a trading history that resembles the odds at a horse-track. The shares spiked as much as 131% on Thursday, before trimming gains to 23% at 10:21 a.m. in New York. The choppy trading triggered at least six halts for volatility. The Beijing-based firm went public through a blank-check merger that valued it at $450 million, after a wild debut it erased about 80% of its market capitalization in just a week. After completing a 1-for-10 reverse stock split on Friday, the shares again traded above the $1 mark in an effort to stay listed on Nasdaq. One thing that stands out about the stock's frantic week of trading, compared with one-off spikes in other retail tr
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News
- CGC, GENE and HOLO among mid-day movers [Seeking Alpha]Seeking Alpha
- CNN values your feedback [CNN]CNN
- Thinking about buying stock in BigBear.ai, MicroCloud Hologram, TRACON Pharmaceuticals, Spruce Biosciences, or Recursion Pharmaceuticals?PR Newswire
- OCGN, NEO and FRSX are among pre market gainers [Seeking Alpha]Seeking Alpha
HOLO
Sec Filings
- 5/9/24 - Form 424B5
- 5/9/24 - Form 6-K
- 4/25/24 - Form 144
- HOLO's page on the SEC website