Novavax shares are trading higher amid a new COVID wave and rising hospitalizations.
Portfolio Pulse from Benzinga Newsdesk
Novavax shares are experiencing an upward trend due to a new wave of COVID-19 and increasing hospitalizations.

August 22, 2023 | 3:45 pm
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POSITIVE IMPACT
Novavax's stock is trading higher due to the new wave of COVID-19 and rising hospitalizations.
Novavax, a vaccine development company, is directly impacted by the COVID-19 situation. The new wave and increased hospitalizations imply a higher demand for vaccines, which could potentially increase Novavax's revenues and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100