Why Novavax shares are trading higher today



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Novavax, Inc. The shares (NASDAQ: NVAX) are trading up 8.4% to $ 242.67 on an ongoing basis after the company on Wednesday announced an agreement with the European Commission to purchase up to $ 200 million. doses of his COVID-19 vaccine.

Shares of Novavax have been trading up 32.5% in the past five sessions amid continued concerns over the delta variant of COVID-19, which have increased vaccine stocks.

Novavax Inc is a biotechnology company that develops vaccines. The company works in the clinical stage of development with a focus on providing new products that prevent a wide range of diseases. Novavax is working with its 100% Swedish subsidiary to produce candidate vaccines to address threats from known and emerging diseases.

Novavax has a 52 week high of $ 331.68 and a 52 week low of $ 76.59.

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