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Stock impact report

Stock Market Today, Jan. 23: ImmunityBio Falls After Gaining Over 200% in a Month [Yahoo! Finance]

ImmunityBio, Inc. (IBRX) 
Company Research Source: Yahoo! Finance
Trading volume reached 74.6 million shares, coming in about 238% above its three-month average of 22.1 million shares. ImmunityBio IPO'd in 2015 and has fallen 83% since going public. The broader markets were relatively steady Friday, with the S&P 500 (SNPINDEX:^GSPC) edging up 0.03% to 6,915 and the Nasdaq Composite (NASDAQINDEX:^IXIC) rising 0.28% to finish at 23,501. Among biotechnology & pharmaceuticals peers, Merck (NYSE:MRK) and BioNTech (NASDAQ:BNTX) posted slight losses, underscoring ongoing volatility around oncology and vaccine pipelines. ImmunityBio has skyrocketed in recent weeks, and today's losses could be down to profit taking. In January alone, the company agreed on a pathway with the FDA to resubmit its Anktiva bladder cancer therapy application. And the Saudi FDA granted approval for Anktiva. Last week, the firm's full-year results beat analyst expectations. Its net profit of $113 million, was about 700% up year-on-year. Today, it announced that 19 out of 23 p Show less Read more
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