Could Sorrento Therapeutics Be a Millionaire-Maker Stock?
Sorrento Therapeutics (NASDAQ: SRNE) ignited a storm of buying when it announced on May 15 that it had discovered a broadly neutralizing antibody against COVID-19. After rising 73.78% in a single day, the company's stock cooled off over the next several weeks.
While an imminent shareholder lawsuit alleges that Sorrento was overly optimistic with its public claims regarding whether the antibody would be curative for COVID-19, the stock has made a new home in the market's imagination. With its wild growth fresh in memory, investors of all sizes are trying to figure out if Sorrento has what it takes to make them millions.
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Source Fool.com
