Why Shares of BioNtech Are Jumping Tuesday

BioNTech (NASDAQ: BNTX) saw its shares rise more than 8% in early trading on Tuesday. The biotech's stock closed at $343.10 on Monday, opened at $322 on Tuesday, then bounced back to a high of $366 by early morning. It was another wild ride for the company's investors, who have seen the stock go as high as $464 and as low as $54.10 over the past 52 weeks.

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There are two factors helping to drive the stock's shares.

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Source Fool.com