WiMi Hologram Cloud (NASDAQ:WIMI) Trading Up 6.1% – Still a Buy?

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was up 6.1% during mid-day trading on Monday . The company traded as high as $4.20 and last traded at $3.84. Approximately 926,368 shares were traded during mid-day trading, an increase of 157% from the average daily volume of 360,324 shares. The stock had previously closed at $3.62.

WiMi Hologram Cloud Stock Up 6.1%

The business has a fifty day moving average of $3.15 and a 200-day moving average of $8.40.

Institutional Trading of WiMi Hologram Cloud

A number of large investors have recently modified their holdings of WIMI. Marshall Wace LLP purchased a new stake in shares of WiMi Hologram Cloud in the fourth quarter valued at approximately $169,000. Stifel Financial Corp purchased a new stake in shares of WiMi Hologram Cloud in the fourth quarter valued at approximately $142,000. Cubist Systematic Strategies LLC purchased a new stake in shares of WiMi Hologram Cloud in the fourth quarter valued at approximately $91,000. Two Sigma Securities LLC boosted its holdings in shares of WiMi Hologram Cloud by 83.9% in the fourth quarter. Two Sigma Securities LLC now owns 85,868 shares of the company’s stock valued at $159,000 after purchasing an additional 39,176 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in WiMi Hologram Cloud during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 0.96% of the company’s stock.

About WiMi Hologram Cloud

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.