Why Omeros Stock Is Plummeting This Week
Shares of Omeros Corporation (NASDAQ: OMER) are down 12.2% since Monday. 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.