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Why Novavax Stock Was Down in the Dumps This Week

TheMotleyFool

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Why Novavax Stock Was Down in the Dumps This Week: https://g.foolcdn.com/editorial/images/723287/dissapointed-2.jpg

Shares of Novavax (NASDAQ: NVAX) slipped as much as 23% this week, according to data from S&P Global Market Intelligence. The COVID-19 vaccine maker missed earnings and revenue estimates for the fourth quarter, causing investors to sell off the stock once again. The share price is now down 90% over the past year after soaring as much as 2,000% during the beginning of its COVID vaccine rollout.