Billionaire Soon-Shiong’s Biotech Stock Burns Shorts With Surge

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Why This Matters

ImmunityBio Inc., a biotech company led by billionaire Patrick Soon-Shiong, has seen its stock surge, forcing short sellers to exit their positions at a loss, with the stock tripling over the past three weeks.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Biotech billionaire Patrick Soon-Shiong’s ImmunityBio Inc. has more than tripled over the past three weeks, forcing some short sellers that were betting against the stock to exit their positions at a loss.

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Original article published by Bloomberg on January 21, 2026.
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