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Why Sorrento Therapeutics Stock Is Soaring Today

Prosper Junior Bakiny, The Motley Fool
·2-min read
Why Sorrento Therapeutics Stock Is Soaring Today

The biopharmaceutical company did not report any news, but perhaps the market is responding to comments made by Mad Money host Jim Cramer regarding Sorrento Therapeutics on his show on Friday, April 23. Jim Cramer's comments hardly painted a bullish picture of Sorrento Therapeutics. During the lightning round bell -- when he gives quick and short answers to callers' questions on various stocks -- Cramer said the following: "There'll be a news release and it'll spike 3-4 points ... and that'll give you a chance to get out."

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