Dolphin Entertainment (NASDAQ:DLPN) soared as one of the most actively traded stocks Tuesday after the company announced their new division would be designing, producing, releasing and promoting “NFT’s”- a Non-Fungible Token is a unit of data on a digital ledger called a blockchain. If you’ve never heard of them, just know that stocks involved in NFTs appear to be all the rage these days.
On Wednesday morning, shares of Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) rose 83.6% to $7.40 in pre-market trading after the company announced a Non-Fungible Token partnership with Dolphin Entertainment. In fact, shares of Cinedigm Corporation (NASDAQ:CIDM) are very active in the Wednesday pre-market on news related to NFTs as well.
Also on the list were shares of Liquid Media Group (NASDAQ:YVR) following on the gains the stock had yesterday after announcing that it has closed a direct offering. At the top of the list was Sundial Growers (NASDAQ:SNDL), whose shareholders traded more volume than Monday while anticipating M&A activity.
The list which makes up the top 15 most active stocks from across the entire market are below and include GNUS, BNTC, HOFV, ZOM, AAPL, AMC, HOTH, UVXY, F, ZLF, and GE.
The Dow fell 308.05, or 0.94%, to 32,423.15, the Nasdaq lost 149.84, or 1.12%, to 13,227.70, and the S&P 500 declined 30.07, or 0.76%, to 3,910.52.