Why VBI Vaccines Stock Is Sinking Today
Shares of VBI Vaccines (NASDAQ: VBIV) were sinking 13.7% lower as of 11:06 a.m. EDT on Tuesday. The company didn't announce any news that would have caused its stock to drop. Instead, the decline appears to simply be a continuation of a sell-off that began last week. Some investors could be taking profits off the table after VBI soared nearly 350% year to date.
High levels of volatility are the norm for small biotech stocks like VBI Vaccines. It's not surprising that shares would fall after the meteoric rise earlier this year, especially when VBI hasn't had any news in recent weeks that would serve as a positive catalyst.
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Source Fool.com