Oculus Innovative Sciences, Inc. (NASDAQ: OCLS)
Oculus Innovative Sciences had a relatively normal day in the market. However, the stock has been spiking in after-hours trading. Below, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from OCLS ahead.
What We’re Seeing From OCLS
As mentioned above, Oculus Innovative Sciences was off to a relatively normal start to the day today. In fact, the entire day held nothing eventful, with the stock gaining literally 0% and falling 0% today. No movement. Nonetheless, in after-hours trading, things are changing quickly. Currently ( 4:15), OCLS is trading at $5.04 per share after a gain of $1.04 per share (26%) thus far in after-hours trading.
Why The Stock Is Climbing
As soon as we noticed the gains, the CNA Finance team went searching for the cause. It wasn’t hard to find. According to recent reports, OCLS is in the process of selling its Latin American business. However, the big news is what the company is being paid.
At the close of the market today, the entire stock had a market cap of $17 million. However, in the announcement, we learned that Oculus Innovative Sciences is being paid $19.5 million for the sale of its Latin American Assets.
What We Can Expect To See Ahead
The deal announced today is overwhelmingly positive for OCLS. For the company to get more than its market cap for selling some of its assets, they’ve done a great job here. As a result, I’m expecting to see gains in the stock ahead.
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[Image Courtesy of Wikimedia]