Why WiMi Hologram Cloud Stock Was Going Back Down Today

Shares of WiMi Hologram Cloud (NASDAQ: WIMI) were going back down Tuesday after surging 34% higher Monday. On Monday investors were excited after an article made a vague connection between human brain interfacing technology and holograms. But today WiMi stock has fallen 10% as of 12 p.m. EDT.

It was only natural for WiMi stock to give back some of yesterday's impressive gains. In fact, the drop started yesterday. Around 2 p.m. it was trading about 55% higher but fell to just 34% higher by the end of the day. Today's drop is simply a continuation of what started yesterday.

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Source Fool.com