Ocugen Inc stock looks to open much higher on January 4th

My family and some friends are playing a Stock Market Fantasy game in 2021. It is a good way for us to stay connected and have some fun this next year (plus hopefully learn a thing or two). I am planning to document some of the good and bad stocks we pick each month.

This first article on this topic is about Ocugen Inc (OCGN). I have this stock in my fantasy stock portfolio. I locked in the price of $1.83 at the closing bell last month. This morning the stock is trending WAY up and it looks like the stock could open up this morning over $4.00 per share (if the before hours market numbers hold).

I only chose to take 205 shares ($375.15)…I regret not making this a larger part of my $5,000 portfolio in the game. I knew there was a chance for this stock to jump and I missed an opportunity to make a big splash this morning.

The stock is up based on this information:

  • The company along with India-based Bharat Biotech is co-developing Covaxin, a Covid-19 vaccine. The vaccine was approved for emergency use in India yesterday. A vaccine scientific advisory board comprised of leading academic and industry experts in the vaccine field was appointed by Ocugen last month to evaluate the clinical and regulatory path to approval of Covaxin in the US market.

Hopefully some of my other stocks in my portfolio will fare equally well this month. Bragging rights to open 2021 would be nice.

Scott E

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