Opko Health Makes New High For 2016

Opko Health Inc. OPK shares are trading higher by $0.15 at $11.80 in Tuesday's session.

The issue has been buoyed over the last years by large stock purchases by its CEO, Phillip Frost. His stake has risen to more than 160.36 million shares of the 557.50 million outstanding.

In today's session, it eclipsed its former 2016 high of $11.85, when it reached $12.00 shortly after the opening bell. Since making that high, it has drifted lower and is attempting to find support just above Monday's close ($11.65) as $11.70 stands as the intra-day low as of 10:42 a.m. ET.