Why Novavax Stock Rocketed 10% Higher Today
A potential upswing of COVID was the impetus behind a blast of interest in (NASDAQ: NVAX) stock on Tuesday.
That morning, it was reported by various media outlets that first lady Jill Biden had tested positive for Covid the previous day. Novavax is one of three companies with a vaccine green-lighted by the Food and Drug Administration (FDA), so it was hardly surprising when its share price zoomed more than 10% higher on the news.
The White House officially announced the development that morning, adding that the first lady was experiencing "mild symptoms," and that the president had tested negative.
Source Fool.com
Novavax Inc. Stock
€6.87
1.930%
Currently there is a rather positive sentiment for Novavax Inc. with 8 Buy predictions and 3 Sell predictions.
As a result the target price of 11 € shows a very positive potential of 60.12% compared to the current price of 6.87 € for Novavax Inc..
