- 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.
Investors may also be responding to an SEC filing showing that CFO Sanjay Subramanian sold 7,990 shares of the company.
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