Novavax Inc. Stock Rises Wednesday, Outperforms Market
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Shares of Novavax Inc. (NVAX) surged 15.73% to $11.33 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.69% to 10,458.76 and the Dow Jones Industrial Average rising 0.40% to 33,269.77. Novavax Inc. closed $128.27 short of its 52-week high ($139.60), which the company reached on January 5th.
The stock outperformed some of its competitors Wednesday, as Johnson & Johnson (JNJ) rose 1.09% to $180.13, Pfizer Inc. (PFE) fell 2.20% to $50.13, and Merck & Co. Inc. (MRK) rose 0.85% to $112.08. Trading volume (9.9 M) eclipsed its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 4, 2023.
(END) Dow Jones Newswires
January 04, 2023 17:15 ET (22:15 GMT)
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