Even as the market plunged due to the economic fallout from the coronavirus pandemic, some companies managed to perform well. One of these was Inovio Pharmaceuticals (NASDAQ: INO), a biotech whose efforts to develop a vaccine for the novel coronavirus did not go unnoticed. Inovio famously claimed to have created its vaccine, INO-4800, in a mere three hours on Jan. 10, after Chinese researchers publicly released the genetic sequence of the SARS-CoV-2 virus that causes COVID-19.
Inovio's stock soared by 860.3% between then and June 29, but alas, what goes up must come down, and the company's shares have been on a downward spiral since June 30. Sure, Inovio is still up by an impressive 197.9% year to date -- compared to gains of 6.9% for the S&P 500. And given its recent woes, it might be wise for investors to cash in on some profits while they still can. However, if Inovio can recover and start climbing again -- perhaps even eclipsing its early 2020 gains -- it might be even wiser to hold on to its shares. Which of these scenarios is more likely?
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Source Fool.com