1 Stock That More Than Doubled This Year That I Wouldn't Touch With a 10-Foot Pole
OCGNOcugen(OCGN) fool.com·2024-05-24 20:10

Don't jump on the bandwaggon. Small biotech companies can be explosive. Massive gains above 100% in relatively short periods aren't that rare. That's what happened to Ocugen (OCGN 3.49%) this year. The company's shares are up 229% since January (as of this writing). As per usual, Ocugen owes this recent run to meaningful clinical progress. However, despite recent developments, the biotech remains far too risky for most investors. Here is why Ocugen's shares aren't worth the trouble right now. Promising pipe ...