What’s Next For Novavax Stock After A Large 48% Rise In A Month?

whats next for novavax stock after a large 48 rise in a month

Sumary of What’s Next For Novavax Stock After A Large 48% Rise In A Month?:

  • [+] coronavirus vaccine seen in front of Novavax US vaccine development company logo.
  • (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The stock price of Novavax (NASDAQ: NVAX) has seen a solid 18% rise in just five trading sessions, while it is up a large 48% in a month (twenty-one trading days).
  • The recent rise can be attributed to Novavax receiving an emergency use authorization for its Covid-19 vaccine shot in the Philippines.
  • Furthermore, the European Union’s drug regulator is soon expected to come up with its decision on the Novavax Covid-19 vaccine.
  • Overall, the vaccination rate for Europe stands at around 57% and 59% in the U.S. currently, and given the surge in cases, investors have again turned their focus on vaccine stocks.
  • But now that NVAX stock has surged a large 48% in a month , will it continue its upward trajectory, or is a fall imminent?
  • Going by historical performance, there is a higher chance of a rise in NVAX stock over the next month.
  • Out of 172 instances in the last ten years that NVAX stock saw a twenty-one day rise of 48% or more, 105 of them resulted in NVAX stock rising over the subsequent one-month period (twenty-one trading days).

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