Why Novavax Stock Is Tumbling Today

Shares of vaccine specialist Novavax (NASDAQ: NVAX) appear to be in for another tough session today. Ahead of the opening bell Friday, Novavax's shares fell by as much as 10.9%. 

If this latest move lower holds, Novavax's shares will have lost over a third of their value in just the past 30 days. Investors have been backing away from this former high-flying biotech stock in response to the unique characteristics displayed by the omicron variant.

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Source Fool.com