Sorrento Therapeutics (NASDAQ:SRNE) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Sorrento Therapeutics, Inc. (NASDAQ:SRNEGet Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $0.0006. Sorrento Therapeutics shares last traded at $0.0006, with a volume of 21,148 shares traded.

Sorrento Therapeutics Trading Down 33.3%

The firm has a market capitalization of $330,768.00, a P/E ratio of -0.00 and a beta of 0.17.

About Sorrento Therapeutics

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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.

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