Why Novavax Stock Is Soaring Again Today
Shares of Novavax (NASDAQ: NVAX) were soaring 16.9% higher as of 11:25 a.m. EDT on Friday. This marked the second day in a row of solid gains for Novavax. The stock jumped 8.5% on Thursday after two analysts increased their price targets. Novavax also could have benefited from the publicity it received from a New York Times article published yesterday about how it won $1.6 billion in funding from the U.S. government's Operation Warp Speed program.
The laws of physics sometimes seem to apply to stocks, especially those that pertain to inertia and momentum. And Novavax currently has plenty of momentum. Any good news only adds to its head of steam.
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