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Stock Alert: Novavax Down 8%

Novavax, Inc. (NVAX) shares are down 8 percent on Wednesday morning trade. There has been no company-specific news today that hurt the stock.

The shares have been on a decline since it reached a year-to-date peak in the second week of August.

Currently, the shares of the late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, are at $96.08, down 8.51 percent from its previous close of $105.08.

For the 52-week period, the shares have traded in a range of 3.54 to $189.40 on average volume of 7,958,170.

On August 31st the company had announced an agreement with the Government of Canada to supply up to 76 million doses of its COVID-19 vaccine NVX-CoV2373. NVX-CoV2373 is currently in multiple Phase 2 clinical trials.

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