Why Novavax Shares Are Falling Today
Shares of Novavax (NASDAQ: NVAX) were falling 12.7% lower as of 10:54 a.m. on Tuesday. There wasn't any real news driving Novavax's decline. Instead, investors appear to be taking profits off the table after the stock's big gains stemming from concerns about the spread of a deadly coronavirus strain.
When a stock moves a lot higher in a short period of time on news that doesn't definitively translate to improved prospects, it's likely to be very volatile. That's the story in a nutshell for Novavax's big price swings.
Concerns about the coronavirus that first infected residents of Wuhan, China, are warranted. The virus has spread to the U.S. and other countries. It presents a serious health threat.
Source Fool.com
