- The stock price of Ocugen Inc (NASDAQ: OCGN) fell by 24.36% during intraday trading today. This is why it happened.
The stock price of Ocugen Inc (NASDAQ: OCGN) fell by 24.36% during intraday trading today. This appears to be a pullback following a rally in the stock price this week.
Ocugen went from $11.23 as of 9:30 AM ET on April 28 to $15.68 as of 4 PM ET yesterday (up 39.63%). Another reason why there may have been a sell-off in Ocugen stock is due to a couple of bearish media reports.
Today, Ocugen was listed as an “expensive stock” that should be avoided in a Fool.com article. And Seeking Alpha recommended selling Ocugen in a news article published yesterday evening as well in favor of buying stock in the company’s partner Bharat Biotech.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
