Ocugen (OCGN) Stock Heads Up On Share Repurchase Program

Ocugen OCGN Stock News

Reason #1: Management’s Interests Align With Investors

First and foremost, share repurchase programs just about always lead to excitement, and for good reason. Ultimately, management knows what their plans are before these plans become public. So, if there’s anyone that knows the direction that a company is headed, it’s the company’s management.

OCGN is currently valued at just over $11 million. The share repurchase program represents a significant amount of this total market cap.

With the company deciding to repurchase such a large amount of stock, management must be confident that the company is highly undervalued. Moreover, management must be confident that the catalystic news released ahead will be enough to change investor opinions and send the stock toward what they see as a realistic valuation.

While I have no idea what news OCGN has up its sleeve, I do know that there will likely be a flurry of positivity ahead and the management team at Ocugen plans on cashing in.

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