Novavax Inc. Stock Falls Thursday, Underperforms Market

Dow Jones2022-01-14

Shares of Novavax Inc. $(NVAX)$ tumbled 13.67% to $112.38 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 2.51% to 14,806.81 and Dow Jones Industrial Average falling 0.49% to 36,113.62. This was the stock's third consecutive day of losses. Novavax Inc. closed $219.30 short of its 52-week high ($331.68), which the company achieved on February 9th.

The stock underperformed when compared to some of its competitors Thursday, as Replimune Group Inc. (REPL) fell 1.52% to $23.32, VBI Vaccines Inc. (VBIV) fell 3.54% to $1.91, and AnaptysBio Inc. $(ANAB)$ fell 5.81% to $32.73. Trading volume (7.6 M) eclipsed its 50-day average volume of 5.8 M.

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    2022-01-14
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