$Novavax (NVAX.US)$ yesterday action - pre market and early...
yesterday action
- pre market and early market down 18 percent after result release
- within the same day , recovered all the losses and gain 10 percents
my intepretation
1) trader deliberate sell down , flushing out weak holders and triggering stop loss
2) big fish like sanofi coming in to collect shares at low
Going ahead, with the results out of the way and mid term finance sorted
i only see upside at this price point ( sanofi brought 10 , SK at 13 ) with near term multiple catalyst - like approval by us and eu , commencement of phase 3 trial , sale of czech factory
potential wild card catalyst
tie up with other pharma
sanofi taking up more shares or launching a take over
worsening of bird flu , covid or monkey pox
certain countries or leaders recommending nvax over mrna
some nasty side effects of mrna being discovered
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