MicroCloud Hologram (NASDAQ:HOLO) stock is on the move Tuesday despite a lack of news from the China-based holographic technology company.
Instead, investors have heavy trading of HOLO stock to thank for the volatility today. This has some 1.2 million shares on the move as of this writing, For the record, the company’s daily average trading volume is well below that at 259,000 shares.
That heavy trading saw shares of HOLO take off in pre-market trading. In fact, the movement landed it on our list of biggest pre-market stock movers this morning with a 62% gain. However, shares are now down 12.2% as of Tuesday morning.
Considering the lack of news and recent volatility, HOLO stock may have been the target of a pump-and-dump today. That makes sense when looking at what shares did this morning. It also means more volatility could be on the way. In other words, investors will want to be careful about taking a stake in MicroCloud Hologram right now.
What Does MicroCloud Hologram Do?
MicroCloud Hologram is a China-based holographic technology company. Specifically, the company is focused on researching and developing hologram technology. This has it operating “two segments that include holographic solutions and holographic technology services.”
HOLO stock closed out trading on Monday at $12.96 per share. Investors will also keep in mind that the company’s market capitalization is about $586 million as of this writing.
Stock traders looking for more of the latest market news will want to keep reading!
InvestorPlace is home to all of the hottest stock coverage traders need to know about on Tuesday! Our coverage includes what’s happening with Lyft (NASDAQ:LYFT) stock, why stocks are down today and more. You can catch up on that news at the links below!
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
