These Nasdaq Biotech Stocks Doubled in 2020. Here's Why They're Soaring on Friday

These Nasdaq Biotech Stocks Doubled in 2020. Here's Why They're Soaring on Friday
Dan Caplinger, The Motley Fool
·3 min read

The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been doing very well in recent months, rising to set dozens of new record closing highs. On Friday, Nasdaq investors decided it was time for a pause, as the benchmark fell about half a percent just before 3 p.m. EST. Shares of Sorrento Therapeutics were up another 19% on Friday.