MicroCloud Hologram (NASDAQ:HOLO) stock is heading higher on Wednesday after the holographic technology research and development company announced plans to join the Communications Industry Association.
MicroCloud Hologram says that it is joining the Communications Industry Association to “promote the development of the communications industry in the field of information technology innovation.” The company says it is doing so to “accelerate the development of a new generation of “accelerate the development of a new generation of information technology.”
The Communications Industry Association focuses on the sharing of information on an international level. Doing so allows companies to make use of this shared knowledge to further progress the communications sector.
What This Means for HOLO Stock
Joining the Communications Industry Association would likely benefit MicroCloud Hologram by giving it access to a platform that can help influence the development of communication technologies. That’s an important field for the holographic technology company.
With this news also comes heavy trading of HOLO stock. As of this writing, more than 6 million shares of the stock have changed hands. That’s a massive surge in trading volume compared to the company’s daily average of about 143,000 shares.
HOLO stock is up 56% as of Wednesday morning.
Investors who want more of the most recent stock market stories are in the right place!
We are offering all of the latest stock market news worth reading about on Wednesday! Among that is why shares of MariaDB (NYSE:MRDB) stock are up, the biggest pre-market stock movers this morning and more. You can find out more on these matters at the links below!
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On the date of publication, William White did not have (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.
