Oculus Innovative Sciences, Inc. (NASDAQ: OCLS)
Oculus Innovative Sciences was off to a relatively normal start to the day today. However, minutes ago, that changed as the stock started to climb in a high-momentum run. We did some digging and we believe we’ve uncovered the reason for the climb. Below, we’ll discuss what we’re seeing from OCLS, why we’re seeing the movement, and what we can expect to see from the stock ahead.
OCLS Is Seeing A Strong Spike In The Market
As mentioned above, today hasn’t been anything special for Oculus Innovative Sciences. However, that changed minutes ago as the stock took a climb toward the top. Currently (1:25), OCLS is trading at $4.75 per share after a gain of $0.20 per share (4.50%) thus far today.
Why We’re Seeing The Spike In Value
As soon as we started the see the gains on OCLS, the CNA Finance team started researching to see what was going on with the stock. We believe we’ve found the cause of the gains. While there has been no fundamentally significant news released by the company, there is quite a bit of speculation surrounding Oculus Innovative Sciences at the moment.
Even The Street is getting in on the frenzy with a report speculating that AGN would have a bit to gain from the purchase of OCLS. With that report being released at just about the same time the stock started to spike, we’ve come to the conclusion that this is the reason for the gains.
What We’ll Be Watching Ahead
Moving forward, I have a relatively bullish opinion of what we can expect to see from Oculus Innovative Sciences. While the reason for the gains recently has had to do with rumors, it’s clear that OCLS is a strong buyout target. Even if a buyout doesn’t happen, the company is likely to see gains anyway, as it is very strong fundamentally. All in all, I’m expecting to watch OCLS climb!
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[Image Courtesy of Wikimedia]