Why Novavax (NVAX) Stock Is Rising
Portfolio Pulse from Henry Khederian
Novavax Inc (NASDAQ:NVAX) shares are trading higher by 3.9% amid rising COVID-19 cases in the U.S. The increase in cases and concerns about variants may lead to a demand for booster shots, potentially increasing the market demand for Novavax's vaccine. This could significantly improve Novavax's financial outlook and drive the stock price higher. Novavax has a 52-week high of $37.27 and a 52-week low of $5.60.
August 28, 2023 | 4:31 pm
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Novavax's stock is rising due to potential increased demand for its COVID-19 vaccine. This could improve the company's financial outlook and drive the stock price higher.
The rising COVID-19 cases in the U.S. could lead to an increased demand for booster shots. As Novavax's vaccine could be a candidate for these booster campaigns, this could significantly improve the company's financial outlook and attract investor attention, potentially driving the stock price higher.
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