“Meme Traders Fuel 2,650% Spike in Battered Holographic-Tech Company”
February 16, 2024
“A battered Chinese company that’s developing holographic technology captured the attention of the meme stock crowd. The prize: a 2,650% jump.
MicroCloud Hologram Inc. soared as high as $41.53 Thursday from a $1.50 record low earlier this week, with more than $1.7 billion in shares traded as posts about the stock pop up across platforms like Reddit’s WallStreetBets and StockTwits. Even with the eye-popping move, shares remained 67% lower than a January 2023 high with a trading history that resembles the odds at a horse-track…”
https://finance.yahoo.com/news/meme-traders-fuel-2-650-154655120.html
A Chinese stock? Is it really meme traders? I don’t buy it. Pun intended.