Sorrento Therapeutics Inc. (SRNE) Soars 17.12%

Sorrento Therapeutics Inc. (SRNE) had a good day on the market for Monday December 02 as shares jumped 17.12% to close at $3.42. About 20.24 million shares traded hands on 50,345 trades for the day, compared with an average daily volume of n/a shares out of a total float of 141.87 million. After opening the trading day at $2.97, shares of Sorrento Therapeutics Inc. stayed within a range of $3.68 to $2.94.

With today’s gains, Sorrento Therapeutics Inc. now has a market cap of $485.2 million. Shares of Sorrento Therapeutics Inc. have been trading within a range of $6.50 and $1.39 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Sorrento Therapeutics Inc is a biotechnology company focused on the development of novel immunotherapies for oncology and autoimmune/inflammation diseases. The antibody technologies target various locations: extracellular, intracellular, and membrane-bound antigens. The product portfolio consists of BioSimilar/BioBetter antibodies, CAR-T programs for treatment of solid tumors, adoptive cellular therapies, immuno-oncology mAbs, and antibody drug conjugates.

Sorrento Therapeutics Inc. is based out of San Diego, CA and has some 382 employees. Its CEO is Henry Ji.

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