Why Novavax Shares Are Jumping Again Today
Shares of Novavax (NASDAQ: NVAX) were jumping 13.6% higher as of 11:14 a.m. EST on Monday. The big gain came after the stock skyrocketed last week as fears increased about the coronavirus outbreak in China that has spread to the U.S. Today's increase resulted from even greater worries as more U.S. cases of infection were confirmed over the weekend.
Novavax ranks as one of a handful of biotechs that have programs that could potentially address the coronavirus strain that's causing such alarm. The company announced last week that it's working to develop a vaccine for the virus.
Image source: Getty Images.
Source Fool.com
