Why COVID Vaccine Stocks Moderna, BioNTech, Novavax, and Dynavax Soared This Week

Shares of several COVID-19 vaccine makers soared this week as of the market close on Thursday. Novavax (NASDAQ: NVAX) was the biggest winner, with its stock skyrocketing 31.7%. BioNTech's (NASDAQ: BNTX) shares vaulted 23.3% higher. Moderna (NASDAQ: MRNA) stock jumped 17.7%. Shares of Dynavax Technologies (NASDAQ: DVAX) rose 10.6%.

Was there a common denominator for all of these vaccine stocks? Increasing fears about the delta variant likely played a role to some extent. However, each company also had good news of its own.

Image source: Getty Images.

Continue reading

Source Fool.com