Sorrento Therapeutics (NASDAQ:SRNE) Stock Passes Above 50-Day Moving Average – Should You Sell?

Sorrento Therapeutics, Inc. (NASDAQ:SRNEGet Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $0.0007. Sorrento Therapeutics shares last traded at $0.0007, with a volume of 23,504 shares.

Sorrento Therapeutics Stock Up 40.0%

The stock has a market capitalization of $385,896.00, a price-to-earnings ratio of 0.00 and a beta of 0.17.

About Sorrento Therapeutics

(Get Free Report)

Sorrento Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the development of therapies in immuno-oncology, inflammatory diseases and pain management. Leveraging proprietary antibody, small molecule and cell therapy platforms, Sorrento aims to advance next-generation treatment candidates that address unmet medical needs in oncology and chronic pain without reliance on traditional opioids.

The company’s immuno-oncology pipeline encompasses monoclonal antibodies, antibody-drug conjugates and engineered cell therapies designed to target solid tumors and hematologic malignancies.

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