Why General Electric Stock Just Popped 7%

Shares of General Electric (NYSE: GE) stock soared along with the rest of the stock market Tuesday, and are up a healthy 7.4% as of 1:40 p.m. EDT. Surprisingly, GE stock appears to be moving on no news whatsoever, specific to GE.

Or perhaps that's not so surprising.

As you may have heard, biotech Novavax has a new vaccine candidate called NVX-CoV2373 ready, and it's begun enrolling participants to begin a clinical trial to determine if it's safe and effective to combat the SARS-CoV-2 coronavirus. Other drugmakers have other vaccines in the works as well -- more than 120 in either preclinical or clinical trials, according to researcher Fundstrat.  

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Source Fool.com