Before trading begins this week on Monday, it might be a good idea for investors to take a look at some of the stocks that made notable gains this past Friday. A stock that could be tracked this week is that of Ocugen Inc (NASDAQ: OCGN) which soared by as high as 62% and that took its total gains for the week to 187%. The main trigger for the massive gains was an announcement from the company last Tuesday.
Ocugen announced that it was going to get into a partnership with Indian company Bharat Biotech to bring the latter’s COVID-19 vaccine COVAXIN to the United States. It is a significant development for the company and the rally in the stock is understandable.
More importantly, Bharat Biotech has also claimed that its vaccine could be an option to combat the United Kingdom variant of the COVID 19 virus as well. It remains to be seen if the Ocugen stock can maintain its momentum this week or not.
Finance and Entertainment Reporter
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