Novavax, Inc. NVAX was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 43.2% in the past one-month time frame.
The move came after the company reported the initiation of phase 2 clinical trial of NanoFlu in older adults.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Novavax. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Novavax currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Medical – Biomedical and Genetics industry is Anika Therapeutics Inc. ANIK, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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