Sorrento Therapeutics (NASDAQ:SRNE) Shares Cross Above 50-Day Moving Average – Here’s Why

Sorrento Therapeutics, Inc. (NASDAQ:SRNEGet Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.01 and traded as high as $0.01. Sorrento Therapeutics shares last traded at $0.0026, with a volume of 208,761 shares trading hands.

Sorrento Therapeutics Stock Performance

The company has a market capitalization of $1.43 million, a price-to-earnings ratio of 0.00 and a beta of 1.23. The firm has a fifty day moving average price of $0.01.

Sorrento Therapeutics Company Profile

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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.

Further Reading

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