Novavax, Inc. (NVAX) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading toward the higher end of the volatile price range of $5.60 to $6.41 in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days, and the Zacks Consensus Estimate is unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Novavax currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked biotechnology stock is AMAG Pharmaceuticals, Inc. (AMAG), sporting a Zacks Rank #1 (Strong Buy).
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