Trade Alert – Sorrento Therapeutics (SRNE)

by | May 18, 2020 | Daily Trade Alert

Fiverr (FVRR) doesn’t seem to know the meaning of down.

Over the last few weeks, we’ve highlighted opportunity as it traded at $36.19 and again at $48.81. At the moment, the stock is up to $59 and could race to $70.

Better, our bullish argument remains the same.

“Gig employment will continue to grow in popularity as more companies choose to reduce fixed labor costs to stay nimble and workers gravitate toward flexible work experiences that fit their lifestyles,” said Patrick Beharelle, CEO of TrueBlue.

However, it’s not the only explosive opportunity to be aware of.

Sorrento Therapeutics (SRNE) is making big headlines of its own after exploding on volume of 507.6 million shares last week, as compared to daily average volume of 14.8 million shares.

All after the company said, “its anti-SARS-CoV-2 antibody, STI-1499, demonstrated 100% inhibition of SARS-CoV-2 virus infection in an in vitro virus infection experiment at a very low antibody concentration.”

While the stock is up big in just days, this may only be the start of a bigger move.

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