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SRNE Stock News Image - Zacks Investment Research

The heavy selling pressure might have exhausted for Sorrento Therapeutics (SRNE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Zacks Investment Research 2023 Feb 14
SRNE Stock News Image - InvestorPlace

Sorrento Therapeutics (NASDAQ: SRNE ) is down by more than 60% today following the company's announcement that it would file for Chapter 11 bankruptcy. Scintilla Pharmaceuticals, a wholly owned subsidiary of Sorrento, will also file for Chapter 11.

InvestorPlace 2023 Feb 13
SRNE Stock News Image - Proactive Investors

Sorrento Therapeutics (NASDAQ:SRNE) Inc plunged more than 60% after it was revealed the biopharmaceutical company has filed for Chapter 11 bankruptcy protection as its debts mount amid lawsuits. Sorrento and its wholly-owned subsidiary Scintilla Pharmaceuticals Inc have commenced voluntary bankruptcy proceedings in the US Bankruptcy Court for the Southern District of Texas “to protect the company's business and maximize its value,” according to a document filed with the SEC on Monday.

Proactive Investors 2023 Feb 13
SRNE Stock News Image - Business Insider

A famed short-seller already had Sorrento Therapeutics in its sights as far back as 2020. That pressure came to a head Monday.

Business Insider 2023 Feb 13
SRNE Stock News Image - The Motley Fool

A bankruptcy filing is weighing on the drugmaker's shares today.

The Motley Fool 2023 Feb 13
SRNE Stock News Image - InvestorPlace

Sorrento Therapeutics (NASDAQ: SRNE ) stock is falling on Monday after the company filed for bankruptcy alongside subsidiary Scintilla Pharmaceuticals. A filing with the U.S. Securities and Exchange Commission (SEC) reveals the bankruptcy filing was made with the United States Bankruptcy Court for the Southern District of Texas.

InvestorPlace 2023 Feb 13
SRNE Stock News Image - PennyStocks

Here's some tips for sustainably investing in penny stocks The post How to Sustainably Invest in Penny Stocks  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

PennyStocks 2023 Feb 13
SRNE Stock News Image - Seeking Alpha

Shares of Scilex could trade higher due to hedging pressure from large Sorrento short positions. Scilex's equity offering facilities, mean that the price could fall precipitously at any time via company dilution.

Seeking Alpha 2023 Jan 24
SRNE Stock News Image - MarketBeat

Sorrento Therapeutics is on the move following preliminary results from its subsidiary Scilex. Scilex is making money with the company's 1st product to market

MarketBeat 2023 Jan 13
SRNE Stock News Image - PennyStocks

Avoid making these penny stocks trading mistakes this year The post Biggest Penny Stocks Trading Mistakes to Avoid in 2023 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

PennyStocks 2023 Jan 04
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