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Ziopharm Oncology (ZIOP) shares bounce back sharply after their recent decline

One of the stocks that turned out to be a big hit on Wednesday was Ziopharm Oncology (NASDAQOTH: Ziopharm Oncology), which ended the day in gains of up to 10%. Given the scale of the stock’s rally yesterday, it may be time for investors to take a closer look at Ziopharm and why it rallied.

Before yesterday’s rally, the stock had performed poorly, falling as much as 23% in 2021. However, it appears that the appointment of Kevin S. Boyle as the new chief executive officer has sparked a new wave of optimism among investors about Ziopharm.

The appointment of a new top boss can often lead to such optimistic moods, and more importantly, Boyle is a very seasoned leader too. Previously, he was Chief Executive Officer of Kuur Therapeutics, which was eventually acquired by Athenex.

The company is committed to the fight against cancer through T-cell therapies and is of course a market with great potential. However, it will be interesting to see if the stock can actually maintain the newfound momentum for the days to come.

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