Under $1 penny stock from Ocugen instantly jumps 60% from $0.2480 to $0.4034 when the biotech field enjoys pouring funds to fight the COVID-19 pandemic. This stock is so cheap as quick profits could happen within a day.
The average volume of 11,715,055 shares suddenly faces daily 198 million shares as demand quickly soars with unexpected wants of investors. Such penny stock gives a nice opportunity for gambling traders who may not care about hard-earned funds while big whales could invest little money that is not big enough to create significant issues in case of sudden loss.
Risk-averse investors just stay away from Ocugen unless the upcoming Q2 2020 revenue shows a significant rise that guarantees further positive earnings.