What's Going On With Novavax Shares Today?
Portfolio Pulse from Vaishali Prayag
Novavax, Inc. (NASDAQ:NVAX) shares are trading higher due to a significant drop in short interest and recent filings for authorization of its updated COVID-19 vaccine with Health Canada, the U.S. FDA, and EMA. The stock is also trending on social media.
July 25, 2024 | 7:25 pm
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POSITIVE IMPACT
Novavax shares are up 8.5% due to a 25.64% drop in short interest and recent regulatory filings for its updated COVID-19 vaccine. The stock is also gaining attention on social media.
The significant drop in short interest indicates reduced bearish sentiment, which is positive for the stock. Additionally, the regulatory filings for the updated COVID-19 vaccine could lead to future revenue growth if approved, further boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100