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MicroCloud Hologram Inc. (NASDAQ:HOLO) shares are trading higher Tuesday as retail investors pile into heavily-shorted stocks. Here's a look at what's going on.
The Details:
Shares of GameStop, AMC Entertainment and other meme stock names are racing higher on renewed interest from retail investors after Keith Gill, a.k.a Roaring Kitty, posted a meme to his X account Sunday night followed by a series of cryptic posts on Monday.
The meme stock rally has extended to other heavily-shorted stocks, including MicroCloud Hologram. According to data from Benzinga Pro, 19.76% of available shares are being short sold.
MicroCloud Hologram shares are racing higher on heavy trading volume with more than 65.7 million shares already traded in Tuesday's session. According to data from Benzinga Pro, the stock has a 100-day average volume of 8.208 million shares and a float of 3.93 million shares.
Related News: What’s Going On With Rivian’s Stock?
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in MicroCloud Hologram's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
HOLO Price Action: According to Benzinga Pro, MicroCloud Hologram shares are up 65.56% at $3.31 at the time of publication Tuesday.
Image: Vilius Kukanauskas from Pixabay
Posted In: HOLO
