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-0.00157584683357878 -0.00294550810014734 -0.00441826215022095 -0.0014580265095729 0.010279823269514 0.00883652430044177 -0.00768777614138439 -0.00592047128129609
Stock impact report

Stock Market Today, Jan. 21: ImmunityBio Rises Again As Short-Sellers Face Losses [Yahoo! Finance]

ImmunityBio, Inc. (IBRX) 
Company Research Source: Yahoo! Finance
higher as short-sellers considered what to do after the company's share price tripled in just three weeks this year. Trading volume reached 93.5 million shares, about 357% above its three-month average of 20.5 million shares. ImmunityBio IPO'd in 2015 and has fallen 80% since going public. The S&P 500 gained 1.16% to finish Wednesday at 6,875, while the Nasdaq Composite added 1.18% to close at 23,225. Within biotechnology, peers Nkarta closed at $2.2 (+7.84%) and Allogene Therapeutics ended at $1.6 (+1.91%), underscoring ongoing interest in higher-risk drug developers. ImmunityBio's incredible run continued today as short-sellers considered closing their positions in the stock following a tremendous batch of news over the last two weeks. Today's 7% share price increase doesn't really tie to any specific news, but likely stems from a certain amount of these short-sellers covering their positions following recent positive developments. Bloomberg reports that short-sellers now face Show less Read more
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