Tech Shares Bid Up Well Over +100% Before Opening Bell

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, February 7, 2024

A Chinese technology company is stealing the show so far during Wednesday’s premarket after it was announced that the company plans to join the Communications industry Association.

According to this morning’s release, the “Communications industry Association promotes technological innovation, technology export and industry development in the communications industry, and contributes to the economic development of the communications field.”

While simply joining a committee isn’t groundbreaking news taken at face value, traders apparently viewed this as an extremely bullish event for the company as shares of MicroCloud Hologram Inc. (Nasdaq:HOLO) are currently bid up at $3.71/share (+145.70% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!

MicroCloud Hologram Inc, through its subsidiaries, is mainly engaged in holographic Technology. It includes Holographic solutions, Holographic technology services. The company also provides holographic digital twin technology services for customers and has built a holographic digital twin technology resource library.

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