Dolphin (NASDAQ: DLPN) Stock Bounces Back After Major Milestones With 137 New Talent Signings
Following a major development at the company’s subsidiary, The Digital Dept., the Dolphin (NASDAQ: DLPN) stock was on the move yesterday and clocked gains of 8%.
Influencer Powerhouse, the Digital Dept., a subsidiary of Dolphin (NASDAQ: DLPN), Achieves Major Milestones With 137 New Talent Signings
The Digital Dept., which is a major full-service talent management and influencer marketing firm, announced yesterday that it was marking its one-year anniversary with 137 new creator signings. Another milestone the company was celebrating was the highest grossing BRANDE-it event at the New York Fashion Week. Over the course of the past months, The Digital Dept., led by Sarah Boyd and Ali Grant, the co-CEOs, had grown the company’s roster quickly through the addition of well-known talent.
At the end of one year, The Digital Dept. signed 137 new creators, developed 4327 campaigns, and developed 5 BRANDEIT showrooms, and that included the highest grossing first showroom in New York City. The showroom in New York City had recorded 870 attendees and as many as 240 million impressions on social media spread across a total of 5 events.
The roster of The Digital Dept’s creators had also managed to record a social media reach of 340 million. The company diversified aggressively into a wide range of industries, and that enabled it to create a strong roster. It would be interesting to see if the Dolphin stock adds to its gains today.
Key Quote
Sarah Boyd comments, “We’re excited to welcome such a dynamic group of creators to The Digital Dept. Each of these new signings represents a strategic addition to our roster, bringing unique value in terms of reach, engagement, and market influence. With their talent and our proven ability to drive impactful campaigns, we’re confident this expansion will continue to deliver significant growth for both our creators and our partners.”
Technicals
| +/- EMA(20) | 0.66 (-4.09%) |
| +/- SMA(50) | 0.73 (-13.29%) |
| +/- SMA(200) | 1.12 (-43.48%) |
| 5-Day Perf. | +3.11% |
| 1-Month Perf. | -10.72% |
| 3-Month Perf. | -23.27% |
| 6-Month Perf. | -52.76% |
| YTD Perf. | -62.98% |
| 1-Year Perf. | -65.03% |
| RSI(14) | 42.86 |
| ATR(14) | 0.08 |
| ADX(14) | 34.17 |
| Beta (5Y) | 0.67 |