Why is Novavax stock down today?
$Novavax (NVAX.US)$ today hit a 5-month low amid a report from Politico that a key supplier for its COVID-19 had experienced production issues.
Novavax responded that it has made progress in mobilizing its global production network over the past year and a half.
Earlier this month, Novavax insiders, including CEO Stanley Erck, sold millions of dollars worth of shares.
Despite the recent downturn in share price, year-to-date, shares are up ~44%.
![Why is Novavax stock down today?](https://ussnsimg.moomoo.com/4352513858948222459.jpg/bigmoo)
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Laara : They already let the cat out of the bag, they might as well announce the next round of delays as well.
MarvanLoveMuffin : 2031. In other news vaccine maker NVAX still expects ......
Ashish Barman OP MarvanLoveMuffin : LOL....but you have a typo in your post.
Should be "3031"...that sounds about right.
rabitter : New crown vaccine production has been delayed