Why Omeros Stock Is Plummeting This Week

Shares of Omeros Corporation (NASDAQ: OMER) are down 12.2% since Monday. The stock opened at $15.71 on Monday and by Thursday's close, its shares were down to $13.79. The stock is down more than 3% for the year and has been on a slow decline since it reached its 52-week high in February of $23.85.

Omeros didn't have any big news that would have affected its stock price this month. Its last real news was its second-quarter earnings report that came out on Aug. 9, which showed the biotech company reporting $28.8 million of revenue, up 37% year over year, and a net income loss of $28.6 million, compared to a loss of $35.1 million in the same period in 2020.

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Source Fool.com