Why Are Shares of Novavax Soaring Today?
Investors in Novavax (NASDAQ: NVAX) haven't had much to celebrate recently, but the stock is rocketing higher on Tuesday. As of 11:30 a.m. ET, Novavax shares were up more than 17%, despite the overall stock market being flat.
In a nutshell, Novavax announced that its updated COVID-19 vaccine candidate showed that it was effective against newer variants of the virus, including those that are dominant in the U.S. and are responsible for a recent rise in COVID-19 infections and hospitalizations.
The tests were performed on small animals and primates. Novavax said its updated shot produced neutralizing antibody responses to the fast-spreading Eris variant, as well as others that are in wide circulation in the U.S.
Source Fool.com
Novavax Inc. Stock
€11.31
-25.340%
Our community is currently high on Novavax Inc. with 4 Buy predictions and 1 Sell predictions.
With a target price of 22 € there is a hugely positive potential of 94.52% for Novavax Inc. compared to the current price of 11.31 €.
