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Why Sorrento Therapeutics's Stock is Up During Today's Session

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Sorrento Therapeutics's Stock Price And Volume Action

Sorrento Therapeutics's (NASDAQ:SRNE) stock is trading up 5.92% to a price of $10.46. Wednesday the stock has been traded at a volume of 2.81 million, about 17.87% of its recent 30-day volume average of 15.72 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Sorrento Therapeutics shares are trading higher after the company presented data demonstrating STI-2020 preserves binding against UK B.1.1.7 SARS-CoV-2 mutated spike protein.

Insights On Recent Price Action

The 50-day moving average price of Sorrento Therapeutics's stock was $7.39 when this article was published. The stock reached a high of $19.39 and a low of $1.55 in the past 52 weeks.

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