Opthea (NASDAQ:OPT) Trading 7.2% Higher - Here's What Happened
Opthea Limited (NASDAQ:OPT) shares rose 7.2% to $3.41 on Friday, up from a previous close of $3.18. Analyst ratings show one Strong Buy, four Hold, and two Sell ratings, with a consensus target price of $1.33. Institutional investors own 55.95% of the stock, with significant increases in holdings from several firms. Opthea focuses on developing therapies for eye diseases in Australia, leveraging its intellectual property on Vascular Endothelial Growth Factors (VEGF).
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