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Why Ocugen Stock Wilted on Wednesday

Why Ocugen Stock Wilted on Wednesday

Like meme stocks will do from time to time, Ocugen (NASDAQ: OCGN) on Wednesday saw a notable price drop a day after a surge. The company was hit by quite a severe price target cut from an analyst, a move that ruined the party after Tuesday's post-earnings run-up. Before market open Wednesday, Noble Capital's Robert LeBoyer made a nearly 40% chop to his Ocugen target.