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Benitec Biopharma (BNTC:US or NASDAQ: BNTC) stock zoomed over 190 per cent yesterday as Morgan Stanley bought 5.2 per cent stake in the Australian pharma company. The company has also reported a successful interim results from its ongoing BB-301 study, a genetic transduction therapy.
On the other hand, stocks of content marketing firm Dolphin Entertainment Inc. (DLPN:US or NASDAQ: DLPN) rocketed by a massive 236.33 per cent after stating that it has entered the emerging non-fungible token (NFT) market by signing a partnership with Hall of Fame Resort & Entertainment Company (HOFV:US or NASDAQ: HOFV).
Let us take a detailed look at these two rising stocks’ price performances:
Benitec Biopharma (BNTC:US or NASDAQ: BNTC)
The company develops treatment primarily for infectious diseases and orphan disease programs through its technology-backed research and development operations. Its current price is C$ 9.26 per stock.
The company went public on the NASDAQ exchange in April 2020. Its one-year return is over 94 per cent. Morgan Stanley’s equity investment could help extend its rally and hit the 52-week high of US$ 17.38 per piece.
Benitec Biopharma's One-Year Stock Performance Chart. (Source: Refinitiv)
The stock traded with a high volume of 124.59 million shares against its total listed shares of 4.818 million. Its year-to-date growth has spiked by 208.66 per cent.
Dolphin Entertainment Inc. (DLPN:US or NASDAQ: DLPN)
The company has partnered with Hall of Fame Resort, a diversified media firm, to offer its sports and entertainment content NFTs to fans. It could be a win-win partnership for both content creators due to the ongoing NFT craze.
Dolphin’s one-day volume increased to 176.78 million shares yesterday, versus total issued shares of 6.56 million. The stock was rallying over 63 per cent during pre-market hours on Wednesday Morning.
Dolphin Entertainment's One-Year Stock Performance Chart. (Source: Refinitiv)
Its previous closed price was US$ 18.33 per share, up 47.23 per cent against its 52-week high of US$ 12.45 per piece (registered on Jun 4, 2020). It has ballooned by 840 per cent in one year, overriding the NASDAQ Composite Index that has relatively increased by 387.54 per cent.