Novavax Inc. (NVAX) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 22. At the lunch break, shares of NVAX have clocked gains of 10.31% to $2.14 after closing the day prior at $1.94. In the first two and a half hours of trading, the stock has gone as high as $2.25 and as low as $2.05. Today’s rise has come with about 54.81 million shares changing hands, compared to an average 30-day volume of 20.57 million for Novavax Inc.. The price is currently below the 30-day volume weighted average price of $2.14 for NVAX.
The share appreciation gives the company a market capitalization of $526.1 million based upon 271.19 million shares outstanding. It also means that NVAX has a price-to-book ratio of 4.78:1.
In the past 52 weeks, shares of NVAX have traded as low as $1.16 and as high as $9.88. Technical traders will take note that at $2.14, shares of NVAX are trading below their 200-day MA at $6.21 and below their 50-day MA at $6.9. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is NVAX?
Novavax Inc is a clinical-stage vaccine company engaged in the discovery, development and commercialization of recombinant nanoparticle vaccines and adjuvants. The company’s 443 employees are led by CEO Stanley Charles Erck from the corporate headquarters at 20 Firstfield Road in Garthersburg, MD.
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