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Why Ocugen Stock Is Soaring Today

TheMotleyFool

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Shares of Ocugen (NASDAQ: OCGN) were soaring 17.4% higher as of 11:53 a.m. EST on Thursday. The big gain came after H.C. Wainwright analyst Swayampakula Ramakanth upgraded the stock to a buy rating from neutral.

Should investors buy a biotech stock like Ocugen just because an analyst upgrades it? Nope. However, it's wise to examine why an analyst thinks highly (or negatively) of a stock.

Image source: Getty Images.

Source Fool.com

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