Sorrento Therapeutics (SRNE) Getting Somewhat Positive News Coverage, Analysis Finds
Press coverage about Sorrento Therapeutics (NASDAQ:SRNE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sorrento Therapeutics earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage about the biopharmaceutical company an impact score of 46.9093368534159 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Sorrento Therapeutics Inc (SRNE) Expected to Post Earnings of -$0.26 Per Share (americanbankingnews.com)
- Sorrento Therapeutics Inc (SRNE) Major Shareholder Abg Management Ltd Sells 150,000 Shares (americanbankingnews.com)
- Today’s Research Reports on Trending Tickers: Argos Therapeutics and Sorrento Therapeutics (finance.yahoo.com)
- Abg Management Ltd Sells 70,721 Shares of Sorrento Therapeutics Inc (SRNE) Stock (americanbankingnews.com)
- Sorrento’s and Yuhan’s Joint Venture, ImmuneOncia, receives Approval to begin clinical trial of Anti-PD-L1 Monoclonal Antibody in South Korea (it.tmcnet.com)
Shares of Sorrento Therapeutics (SRNE) opened at $6.80 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $539.39, a price-to-earnings ratio of -16.19 and a beta of 1.94. Sorrento Therapeutics has a one year low of $1.50 and a one year high of $8.25.
In other Sorrento Therapeutics news, major shareholder Pacific Medtech (Bvi) Ltd Asia sold 684,288 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $7.56, for a total value of $5,173,217.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Abg Management Ltd sold 150,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $7.19, for a total value of $1,078,500.00. The disclosure for this sale can be found here. Insiders sold 1,215,009 shares of company stock worth $9,185,885 over the last quarter. 5.00% of the stock is currently owned by company insiders.
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Sorrento Therapeutics Company Profile
Sorrento Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in the discovery, acquisition, development and commercialization of drug therapeutics. Its primary therapeutic focus is oncology, including the treatment of chronic cancer pain. It is also developing therapeutic products for other indications, including immunology and infectious diseases.
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