WiMi Hologram Cloud (NASDAQ:WIMI) Stock Price Down 2.5% – Time to Sell?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) shares fell 2.5% during mid-day trading on Monday . The stock traded as low as $0.77 and last traded at $0.77. 254,878 shares changed hands during trading, a decline of 84% from the average session volume of 1,596,463 shares. The stock had previously closed at $0.79.

WiMi Hologram Cloud Price Performance

The firm has a 50 day simple moving average of $0.88 and a 200-day simple moving average of $0.86.

Institutional Trading of WiMi Hologram Cloud

Several institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in WiMi Hologram Cloud in the first quarter valued at approximately $42,000. XTX Topco Ltd bought a new stake in WiMi Hologram Cloud in the second quarter valued at approximately $45,000. Symmetry Peak Management LLC bought a new stake in WiMi Hologram Cloud in the third quarter valued at approximately $76,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in WiMi Hologram Cloud in the third quarter valued at approximately $178,000. Institutional investors own 0.96% of the company’s stock.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.