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Stock impact report

ImmunityBio (IBRX) Loses 17% to Profit-Taking After Intra-Day High [Yahoo! Finance]

ImmunityBio, Inc. (IBRX) 
Company Research Source: Yahoo! Finance
We recently published 10 Stocks Left Behind in a Roaring Market . ImmunityBio Inc. (NASDAQ:IBRX) was one of the worst performers on Wednesday. ImmunityBio finished the session down sharply on Wednesday, as investors resorted to profit-taking after touching a new record high during the day. At intra-day trading, ImmunityBio Inc. (NASDAQ:IBRX) soared to its highest price of $12.43 before giving up all gains to finish the day down by 17.40 percent at $9.54 apiece. The profit-taking followed the company's strong financial and operating highlights last year, with total revenues expanding by 671 percent to $113 million from only $14.7 million in 2024. Total revenues were supported by a 700 percent jump in net product revenues, thanks to a 750 percent sales volume expansion from its bladder cancer treatment, Anktiva. However, ImmunityBio Inc. (NASDAQ:IBRX) remained at a net loss attributable to shareholders of $351.4 million, albeit narrower by 15 percent than the $413.56 million Show less Read more
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