5 Hot Healthcare Stocks to Buy Now

Page 1 of 5

In this article, we discuss the 5 hot healthcare stocks to buy now. If you want to read about some more hot healthcare stocks to buy now, go directly to 10 Hot Healthcare Stocks To Buy Now.

5. Sorrento Therapeutics, Inc. (NASDAQ:SRNE)

Number of Hedge Fund Holders: 10 

YTD Perf: 167.99%

Avg Volume: 11M

Sorrento Therapeutics, Inc. (NASDAQ:SRNE) is a clinical-stage and commercial biopharmaceutical company that develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. On January 31, 2023, H.C. Wainwright analyst Raghuram Selvaraju maintained a Buy rating on Sorrento Therapeutics, Inc. (NASDAQ:SRNE) stock and lowered the price target to $13 from $20, noting that the lowered target takes into account the COVID-19 pandemic’s ongoing development.

At the end of the third quarter of 2022, 10 hedge funds in the database of Insider Monkey held stakes worth $13.9 million in Ginkgo Bioworks Holdings, Inc. (NYSE:DNA), compared to 6 the preceding quarter worth $14.3 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm D E Shaw is a leading shareholder in Sorrento Therapeutics, Inc. (NASDAQ:SRNE) with 5.1 million shares worth more than $7.9 million. 

Page 1 of 5