WISeKey stock soars on heavy volume after launching WISe.Art, an NFT
Shares of WISeKey International Holding Ltd. charged 65.8% higher in active afternoon trading, to pace all of the gainers on major U.S. exchanges, after the Switzerland-based cybersecurity company entered the non-fungible token market. Trading volume spiked up to 40.6 million shares, or more than 10 times the full-day average of about 3.9 million shares over the past 30 days. The company said it launched WISe.Art, a digital certificate of authenticity, or NFT, "that will live forever on the blockchain, unchanged and unchangeable, as proof of the buyer's ownership." The company said its WISeAuthentic blockchain provides brands with the ability to issue a storage device comprising of a digital certificate of authenticity (DCA), to check the validity of the DCA and to modify the status of validity of the DCA. WISeKey's stock has nearly tripled (up 180.4%) over the past three months, while the S&P 500 has tacked on 6.1%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.