MicroCloud Hologram (NASDAQ:HOLO) stock is taking off on Thursday as the holographic technology services company’s shares experience strong pre-market trading this morning.
That has more than 6.7 million shares of HOLO stock changing hands as of this writing. This is quickly closing in on the company’s daily average trading volume of about 9 million shares.
It’s also worth mentioning that HOLO stock has a float of 5.74 million shares. This implies that MicroCloud Hologram may be seeing a short squeeze on Thursday.
Adding to this is the fact that HOLO is a penny stock. That comes from its market capitalization of $13.308 million and prior closing price of $2.24 per share. All of this opens it up to volatility from short sellers and retail traders.
HOLO Stock News Today
Another thing that investors will want to note is the lack of news from MicroCloud Hologram stock this morning. The company hasn’t published any new press releases or filings with the Securities and Exchange Commission (SEC) that would explain this rally. There also isn’t any new analyst coverage today that would trigger this movement.
HOLO stock is up 47.3% as of Thursday morning. The stock was down 37.4% year-to-date when markets closed on Wednesday.
Investors searching for more of the most recent stock market stories are in luck!
We have them covered with all of the latest stock market news worth reading about on Thursday! Among that is what has shares of Tian Ruixiang (NASDAQ:TIRX) stock rocketing higher, the biggest pre-market stock movers this morning and more. All of this info is available at the following links!
More Stock Market News for Thursday
- Why Is Tian Ruixiang (TIRX) Stock Up 209% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
- Get Ready for a Rivian (RIVN) Stock Short Squeeze
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Read More: Penny Stocks — How to Profit Without Getting Scammed
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.
