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Why Novavax Stock Is Marching Higher Today

TheMotleyFool

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Why Novavax Stock Is Marching Higher TodayPhoto, wide shot, wide-angle lens, Medical device manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/3a7f6312-1eee-4702-9005-93cc1e62f970.png

Novavax (NASDAQ: NVAX), a late-stage vaccine developer, is extending its recent winning streak today. The biotech's shares were up by 10% as of 12:40 p.m. EST on Thursday. As a result, Novavax's stock has exactly doubled in value since the start of 2020.

What's lighting a fire underneath the biotech's shares in early 2020? There are two possibilities here:

Image source: Getty Images.

Source Fool.com

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