Big Movers: Sorrento Therapeutics, Inc. (NASDAQ:SRNE), Ocwen Financial Corp. (NYSE:OCN), Banc of California, Inc. (NYSE:BANC), Exxon Mobil Corporation (NYSE:XOM),

Sorrento Therapeutics, Inc. (NASDAQ: SRNE), and Yuhan Corporation (000100.KS; Yuhan), one of the largest and most respected pharmaceutical companies in South Korea, announced that they have entered into an agreement to form a joint venture company (JVC), ImmuneOncia Therapeutics, LLC, to develop and commercialize a number of immune checkpoint antibodies against undisclosed targets for both hematological malignancies and solid tumors.

Sorrento Therapeutics, Inc. (NASDAQ:SRNE) belongs to Healthcare sector. Its weekly performance is 2.86%. On last trading day company shares ended up at $6.47.

Ocwen Financial (NYSE: OCN) reported Q4 EPS of ($1.79), which may not compare with the analyst estimate of ($0.29). Revenue for the quarter came in at $362.46 million versus the consensus estimate of $367.6 million.

Ocwen Financial Corp. (NYSE:OCN) shares increased 7.58% in last trading session and ended the day at $2.27. OCN Gross Margin is 82.40% and its return on assets is -6.70%. Ocwen Financial Corp. (NYSE:OCN) quarterly performance is -68.16%.

Banc of California, Inc. (NYSE: BANC) commenced a public offering (the “offering”) of its voting common stock, par value $0.01 per share. The Company expects to use the net proceeds from the offering for general corporate purposes and possibly to redeem certain of its outstanding indebtedness.

On 02 March, Banc of California, Inc. (NYSE:BANC) shares decreased -0.94% and was closed at $15.77. BANC EPS growth in last 5 year was 29.40%. Banc of California, Inc. (NYSE:BANC) year to date (YTD) performance is 7.87%.

Exxon Mobil Corporation (NYSE: XOM) is achieving industry-leading financial performance throughout the commodity price cycle by maintaining a focus on the fundamentals, selectively investing in the business and paying a reliable and growing dividend, Rex W. Tillerson, chairman and chief executive officer, said today.

Exxon Mobil Corporation (NYSE:XOM) ended the last trading day at $82.70. Company weekly volatility is calculated as 2.40% and price to cash ratio as 79.94. Exxon Mobil Corporation (NYSE:XOM) showed a weekly performance of 1.45%.

Sina Corp (NASDAQ: SINA) reported Q4 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $256.2 million versus the consensus estimate of $241.73 million.

SINA Corporation (NASDAQ:SINA) shares increased 1.25% in last trading session and ended the day at $43.75. SINA Gross Margin is 61.60% and its return on assets is 1.90%. SINA Corporation (NASDAQ:SINA) quarterly performance is -13.49%.

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