Where Is Omeros Corporation Now?

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

Omeros Corporation

shares are trading lower by $0.57 at $16 in Wednesday's session. It has been almost cut in half since it sprinted to $30.23 and ended the session at $25.03 on August 18, The catalyst for it over doubling in price from its August 14 close ($12.96) was the announcement of additional positive data in the OMS721 clinical trial for the treatment of aHUS. Since making its all time high close, it has traded lower in five of the last six trading sessions, with the outlier being a small gain of $0.46 on August 21. In today's session, the opening print ($17) is the high for the day and the ensuing decline took the issue to $15.21 before rebounding back above $16. In order to fill the void in price from August 18 session, it would need to trade below today's low down to $14.56.