ImmunityBio, Inc. (NASDAQ:IBRX) shares are trading lower by 11.46% on Thursday as the company recently reported record first quarter 2026 results, which included significant revenue growth.
• ImmunityBio stock is among today’s weakest performers. Why is IBRX stock falling?
ImmunityBio (IBRX) Q1 Results Drive Revenue Growth Focus
The cancer drug company reported a first-quarter loss of 62 cents, missing the consensus loss of seven cents. Adjusted loss was eight cents.
Sales reached $44.21 million, up from $16.52 million a year ago, beating the consensus of $43.07 million, representing an 168% year-over-year increase.
Product revenue increased $27.7 million year over year due to increased net trade sales of Anktiva as a result of ongoing commercial activities.
The company said 168% increase in Anktiva unit sales volume.
ImmunityBio Lead Bladder Cancer Drug Trial Clears Power Check
In April, the FDA issued a warning to ImmunityBio, alleging that the company made unsupported claims that Anktiva could cure or prevent cancer and suggested effectiveness beyond its approved use, including treatment for multiple cancers and use as a standalone therapy.
ImmunityBio subsequently initiated a comprehensive review of all promotional materials and external communications claims with its legal and regulatory teams.
In March, the National Comprehensive Cancer Network (NCCN) updated its Clinical Practice Guidelines in Oncology for Bladder Cancer and included Anktiva in combination with Bacillus Calmette-Guérin (BCG) for BCG-unresponsive non-muscle invasive bladder cancer (NMIBC) with papillary-only disease.
IBRX Technical Outlook: Key Support, Resistance and Momentum
ImmunityBio’s stock has seen a remarkable 12-month performance of 314.55%, but it is currently facing some technical headwinds.
The stock is trading 3.7% above its 20-day simple moving average (SMA) but is 1.9% below its 50-day SMA, indicating mixed short-term momentum.
The moving average convergence divergence (MACD) is above its signal line, suggesting that downside pressure is easing, which could indicate improving momentum despite the recent price drop.
This setup hints at potential stabilization if the stock can maintain above key support levels.
- Key Resistance: $8.50 — Nearby level where rebounds can stall.
- Key Support: $8 — Nearby level where buyers previously stepped in.
IBRX Stock Price Activity: ImmunityBio shares were down 11.46% at $7.42 at the time of publication on Thursday, according to Benzinga Pro data.
Photo by Tigarto via Shutterstock
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