Novavax Plunges on Earnings Miss: Falling Knife or Buying Opp?
NVAXNovavax(NVAX) MarketBeat·2024-08-12 20:56

Novavax Inc. NASDAQ: NVAX is a biotechnology company that focuses on developing and commercializing vaccines for serious infectious diseases. Its most significant vaccine, Nuvaxovid, is for COVID-19. The hype surrounding the potential for Nuvaxovid drove Novavax shares as high as 331.68inFebruary2021.However,therealityofmisstepsresultinginbeinglatetothepartycausedsharestocraterto331.68 in February 2021. However, the reality of missteps resulting in being “late to the party” caused shares to crater to 3.53 by February 2024. Shares have since surged as high as 23.86inJune2024ona23.86 in June 2024 on a 1.2 billion licensin ...