What's Going On With MicroCloud Hologram Stock After Reverse Split?

MicroCloud Hologram Inc. HOLO shares are volatile Wednesday after the company effected a 1-for-20 reverse stock split. 

The Details:

MicroCloud Hologram shares began trading on a split-adjusted basis Wednesday and climbed in premarket trading. However, the stock reversed sharply at the opening bell, and trading was halted on a circuit breaker to the downside. MicroCloud shares are climbing again and are up 32% at the time of publication, according to data from Benzinga Pro.

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MicroCloud said the reverse stock split was effected to regain compliance with the minimum bid price Nasdaq listing requirement. The reverse split reduced the number of MicroCloud's Class A ordinary shares to 20,544,198 outstanding. 

Should I Sell My HOLO Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.

HOLO Price Action: According to Benzinga Pro, MicroCloud Hologram shares are up 14.1% at $5.91 at the time of publication Wednesday.

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Image: Vilius Kukanauskas from Pixabay