Why Novavax Stock Is Sliding Today

Shares of Novavax (NASDAQ: NVAX) were trading 9.9% lower as of 11:52 a.m. EDT on Thursday. The company didn't announce any news, so why was its stock falling? There are three likely factors.

First, Moderna (NASDAQ: MRNA) reported disappointing third-quarter results before the market opened. That appears to be weighing on vaccine stocks in general.

Second, Novavax is scheduled to provide its third-quarter update after the market closes Thursday. Investors could be anxious about what management has to say.

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Source Fool.com