Why Novavax Stock Is Trading Higher Today
Portfolio Pulse from Ryan Gustafson
Novavax, Inc. (NASDAQ:NVAX) shares are trading higher amid a new COVID wave and rising hospitalizations. The EG.5 variant is now the dominant strain in the U.S., and a new highly mutated strain known as BA.2.86 is being monitored. COVID tests and expected fall 2023 boosters appear to work for the new variants, but this could change if one of the strains becomes more widespread.
August 21, 2023 | 7:00 pm
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Novavax shares are trading higher due to the new COVID wave and rising hospitalizations. The emergence of new variants could potentially impact the effectiveness of COVID tests and boosters, which could affect Novavax's stock.
Novavax's stock is rising due to the new COVID wave and rising hospitalizations. The emergence of new variants could potentially impact the effectiveness of COVID tests and boosters, which Novavax produces. This could lead to increased demand for their products, hence the rise in stock.
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