Why WiMi Hologram Cloud Stock Was Bouncing Back on Tuesday

Shares of WiMi Hologram Cloud (NASDAQ: WIMI) are bouncing back. The stock had fallen close to 70% from highs reached earlier this month. But investors got a little relief as the stock went up today without any news. As of 3:30 p.m. EDT, it was only up 4%. But it had traded 13% higher earlier in the session.

If you recently bought WiMi Hologram Cloud stock because you believe in the company's ability to profit from the exponential growth in the holographic market, then get used to volatility. This is what stocks do in the short term. Yes, even the best long-term market beaters.

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Source Fool.com