OCGN stock is among Wednesday’s top performers, trading upwards at $1.9550 as of 01:30 PM EDT.
As stock indices fought against a rising dollar in premarket trading, major market averages slipped lower. A number of particular equities have prepared themselves to move in response to specific news stories as the larger averages struggle to gain ground. The following are stocks to watch on Wednesday:
Stocks to watch:
AAPL Stock
Apple (NASDAQ:AAPL) dropped 3.5% in premarket trade following a media report that claimed the tech giant was abandoning plans to increase iPhone production because of a lack of demand for its whole product line.
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PATH Stock
UiPath’s share price fell 4.2% in early trading as the company delivered 2024 targets of 18% year-over-year growth for revenue and ARR of $1,185 million and $1,360 million, respectively. These targets are less than the stock’s current forecast estimates of revenue of $1.25 billion and ARR of $1.442 billion.
OCGN Stock
Ocugen, Inc. (NASDAQ:OCGN) stock is up 9.9% following the company’s announcement on Wednesday of a licensing agreement with Washington University in St. Louis, MO, to launch an intranasally administered COVID-19 vaccine in the United States, Europe, and Japan. In order to launch clinical studies, produce the intranasal vaccine, seek finance and investment opportunities, and respond to pandemic threats, Ocugen aims to collaborate closely with U.S. government organizations.
SMTS Stock
Shares of Sierra Metals Inc. (NYSE:SMTS) are tracking higher early on as the stock increased 2.3%. After a blockade of the main access road to the Yauricocha mine prompted the firm to cease operations there last week, SMTS rose as a result of the business’s agreement with the inhabitants of the Peruvian town of Alis.
In related financial news, well-known fund manager Cathie Wood told investors that she thinks market inflation has peaked.
Featured Image- Megapixl @ Timonschneider
Author Jowi Kwasu