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Why Novavax (NVAX) Stock Fell 19% on Friday
Shares of biotech company Novavax NVAX plunged 19.6% in Friday trading after it delayed U.S. submission for its Covid-19 vaccine for the third time. Novavax said it now expects to apply for U.S. emergency-use authorization in the fourth quarter of this year.
NVAX has filed for emergency clearance in other regions like India, Indonesia & the Philippines, and it said it expects to submit its vaccine with the U.K., Europe, Australia, Canada & New Zealand in the third quarter.
Other news weighing on the stock is its second-quarter earnings results. The company reported a wider-than-expected loss of $4.75 per share; analysts were looking for a loss of $3.63 per share. Even though revenue skyrocketed 728% to $298 million, the top line still missed estimates of $387.9 million.
NVAX is up over 70% year-to-date.
Weâ€™re heading into the final stretch of 2021, the annus horribilus of 2020 is firmly in the rear-view mirror, and we can see the checkered flag up ahead. Itâ€™s a fine sight, made better because, like any checkered flag, it comes with prizes behind it. In this case, those prizes come in the form of earnings boosts and stock appreciation. In a note on the months ahead, Wells Fargo senior equity analyst Christopher Harvey writes: â€œIn the final four months of this year, we expect EPS revisions to hel
A new Advanced smartwatch Is gaining popularity, because it has many innovative health features that could save your life one day.
In this article, we discuss the 15 stocks to buy today according to Jim Cramer. If you want to skip our detailed analysis of these stocks, go directly to the 5 Stocks to Buy Today According to Jim Cramer. There are few investors who have tasted success in other professions as well. Investing is a [â€¦]
Like GameStop and AMC Entertainment Holdings before it, the stock has attracted investor attention due to its high short interest. The last couple of years have seen a surge of new activity among retail investors, and thats paved the way for a massive short squeeze as the social media spotlight and emerging popular sentiment have prompted stock buyers to pour into beaten-down, out-of-favor companies in pursuit of explosive returns.
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In this article, we discuss the 15 best pharmaceutical stocks to invest in. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Pharmaceutical Stocks to Invest In. After the Covid-19 pandemic hit, the pharmaceutical industry rapidly began the process of developing and testing vaccines and medicines for [â€¦]
The overall stock market was rather flat on Tuesday, but Wells Fargo (NYSE: WFC) was a big underperformer. According to a report by Bloomberg, Wells Fargo isnt sending restitution payments to victims of its numerous scandals fast enough, and regulators are apparently not happy with the progress the bank has made to change its culture. If regulators are unhappy with the banks progress, this penalty could remain in place longer than investors expect.
Palantir Technologies (PLTR) provides cybersecurity and related software and services to governments as well as private businesses. I am bullish on PLTR stock. Although PLTR has only recently captured investors attention, the company has been around for a while. Based in Denver, Colorado, Palantir was founded back in the early 2000s by Peter Thiel and other business experts. Palantir offers three platforms, including Palantir Gotham (which targets government agencies), Palantir Metropolis (main
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Shares of Nio Inc. slumped 4.1% in premarket trading Wednesday, after the China-based electric vehicle maker cut its third-quarter deliveries outlook, citing the uncertainty and volatility of semiconductor supplies. The company now expects to deliver 22,500 to 23,500 vehicles in the third quarter, down from previous guidance of 23,000 to 25,000 vehicles. For the month of August, the company deliveries increased 48.3% from a year ago to 5,880 vehicles. While the companys new order reached an
It doesnâ€™t get much bigger or better. For anyone seeking entry into the soaring alt-health sector, this company stands out as an ideal opportunity.
Dogecoin (CRYPTO: DOGE) is headed for much higher highs, according to cryptocurrency market analyst Gianni Di Poce. What Happened: Speaking at the Benzinga Crypto Trading Festival, Di Poce â€” financial analyst and president at market research firm The Mercator â€” said that he wouldnt be surprised to see DOGE at over a buck a coin. The market analyst explained that the coin is now forming something that resembles a bull flag or a bull pennant and that we should expect new highs if it were to bre
Its been more than nine months since the broad-based S&P 500 has undergone a correction of even 5%. Whats more, the S&P 500 ended this past Friday, Aug. 27, at its 52nd record high for the year. To begin with, clinical-stage biotech stock Novavax (NASDAQ: NVAX) is a company with the potential to put a smile on investors faces this month and for many months to come.
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Acasti Pharma (NASDAQ: ACST) fell by more than 18% in Tuesday trading. The company said that it had closed its merger with Grace Therapeutics; former Acasti shareholders now own 59% of the combined company. The second -- and more concerning -- part of the announcement was that the company would perform an 8-1 reverse split at the start of trading on Aug. 31.
Shares of XPeng Inc. fell 2.2% in premarket trading Wednesday, after the China-based electric vehicle maker reported a near tripling in August deliveries, but said some planned deliveries were affected by a shift in its manufacturing base. The company said August deliveries rose 172% from a year ago to 7,214 EVs, consisting of 209% growth in P7 sports sedan deliveries to a record 6,165, and 1,049 G3 compact SUVs. The company plans to officially launch the P5 family sedan model on Sept. 15, with
In this article, we discuss the 10 new Reddit WallStreetBets stocks on the rise. If you want to skip our detailed analysis of these stocks, go directly to the 5 New Reddit WallStreetBets Stocks On the Rise. WallStreetBets, the Reddit forum with more than 10.8 million members, has become one of the hottest places in [â€¦]
Deemed The Mineral Of The Month, and having recently been put on the USAs essential mineral list, heres something you may want to invest in....
Battery and hydrogen fuel cell electric truck maker Nikola (NASDAQ: NKLA) has had its share of credibility issues. After the promising news on the timeline of its first product, Nikola shares jumped 5.4% early Tuesday before paring those gains to 3.5% as the market neared its close today. Early questions about the companys technology and progress led to the resignation of Milton, who is now under indictment by the Justice Department for alleged false and misleading statements to retail investors.