Why WISeKey's Shares Popped 24.3% on Monday

Shares of digital security company WISeKey International Holding (NASDAQ: WKEY) jumped as much as 24.3% in trading on Monday after the company announced details of an NFT, or non-fungible token, auction. Shares didn't stay at their high and closed up just 7.5% for the day. 

Last week, WISeKey's shares were up sharply just on the news that it would hold an NFT auction. But the item to be auctioned off wasn't known, except that it was going to be a watch.

Image source: WISeKey.

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Source Fool.com