Wall Street's Analysis on Novavax, Inc. (NVAX) Stock's Recent Behavior

Wednesday, July 29, 2020 9:53 AM | InvestorsObserver Analysts

The market has been high on Novavax, Inc. (NVAX) stock recently. NVAX gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Novavax, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NVAX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NVAX Stock Today?

Novavax, Inc. (NVAX) stock is up 0.79% while the S&P 500 has fallen -0.65% as of 9:51 AM on Wednesday, Jul 29. NVAX has gained $1.18 from the previous closing price of $148.60 on volume of 553,298 shares. Over the past year the S&P 500 is up 6.54% while NVAX has gained 3500.48%. NVAX lost -$4.14 per share in the over the last 12 months.

To see the top 5 stocks in the Biotechnology industry click here.

More About Novavax, Inc.

Novavax Inc is a biotechnology company that develops vaccines. The company works in the clinical stage of development with a focus on delivering novel products that prevent a broad range of diseases. Novavax works together with its wholly owned Swedish subsidiary to produce vaccine candidates to respond to both known and emerging disease threats. The company believes its vaccine technology has the potential to be applied broadly to a wide variety of human infectious diseases. Novavax develops product candidates geared toward all age demographics of the general population.

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