
Novavax Sees NVAX Stock Surge 30% on Announcements Regarding Product Development & Cost-Cutting Measures
In Tuesday’s post-trading session, biotech firm Novavax saw its stock surge following “significant measures” taken to operate more efficiently.
In Tuesday’s post-trading session, biotech firm Novavax saw its stock surge following “significant measures” taken to operate more efficiently.
Novavax has some key meetings ahead with the US Food and Drug Administration next month for the approval of its two-dose vaccine in the US.
Meanwhile, funds that trusted oil and gas, suffered losses. In particular, the Direxion Daily S&P Oil&Gas E&P 2X ETF lost 97.3% this year. The Direxion Daily Junior Gold Miners Bear 2X ETF plunged 95.5% in 2020.
Following the news about the progress with COVID-19 vaccine trials, Novavax shares which closed 0.86% higher on Thursday gained more than 7.33% in the pre-market.
Scientists have Novavax’s vaccine results to be impressive and exemplary. If the company gets more leads going ahead, it promises of producing 100 million doses by the start of 2021.
NVAX stock price is skyrocketing these days as Novavax is getting one step closer to the development of its coronavirus vaccine.
Investors are bullish, but this enthusiasm can not help cruise stocks to recover to their former levels immediately. It is possible that it will take years for them to fully recover, even if the companies can sail promptly later this summer.
Novavax, a biotechnology company developing next-generation vaccines for serious infectious diseases, announced enrollment of the first participants in a Phase 1/2 clinical trial of its coronavirus vaccine candidate. NVAX stock is up.
Novavax (NVAX) has jumped by 16% in the pre-market. The company has announced human trials its COVID-19 vaccine.
Novavax (NVAX) and Moderna (MRNA) stocks remain a buy amid the coronavirus economic disruption. They are 7% and 27% up in the pre-market respectively.
Of course, there is always risk involved in investing, regardless of which industry or what kind of company it is. In the case of coronavirus vaccine stocks, you should bear in mind that not all of the vaccine candidates will be successful.
Novavax (NVAX) stock climbed 25% yesterday, adding to its current 2020 gains, as the company makes progress on its COVID-19 vaccine candidate. However, today NVAX is 14% down.
Novavax (NVAX) stock jumped again yesterday after it received a $4 million award to be pumped into developing a vaccine for COVID-19. However, today it is falling.
Dow Jones has lost over 1,880 points due to a row of factors including Saudi’s oil price slash as well as the coronavirus that is quickly spreading. More bleeding is expected.
Inovio(INO) stock is enjoying the rally as it put on almost 8% weight days after it announced that it will be speeding up plans for its coronavirus (COVID-19) vaccine.