April 11, 2021
Business News

Why Novavax Stock Is Slipping Today – Yahoo Finance

What happened
Shares of Novavax(NASDAQ: NVAX) were slipping 6% lower as of 10:57 a.m. EDT on Tuesday. The biotech hadn’t announced any news that would cause the decline. Instead, today’s move appears to be a continuation of the sell-off that began in mid-August. 
So what
Why has the biotech stock been on a downward trajectory for several weeks? Probably because a sizable number of investors decided to take profits off the table. After all, Novavax’s share price skyrocketed nearly 4,400% in ea…

Click here to view the original article.

Related Posts

You might also like ...

Article feature image
Biden declares South Korean battery maker deal a win for U.S. electric vehicle production – CNBC
Article feature image
Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’ – Reuters
Article feature image
Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’