Why BioNTech, Novavax, and Ocugen Stocks Are Slipping Today

Shares of several vaccine companies were slipping on Wednesday. BioNTech (NASDAQ: BNTX) stock was falling 4.8% as of 12:31 p.m. ET. Ocugen's (NASDAQ: OCGN) shares were down 4%, and Novavax (NASDAQ: NVAX) stock was 3.6% lower.

There's one underlying reason behind these stocks moving lower: optimism that the omicron variant won't be as bad as initially feared. Hospitalization and death rates due to omicron appear to be much lower so far than previous variants.

Image source: Getty Images.

Continue reading

Source Fool.com