Potential FDA Approval for Novavax Vaccine Sends Stock Even Higher

Yesterday, the U.S. agreed to buy 3.2 million doses of the vaccine

Digital Content Manager
Jul 13, 2022 at 8:59 AM
facebook X logo linkedin

The shares of Novavax, Inc. (NASDAQ:NVAX) are up 2.2% at $71.30 this morning, after Politico reported that the pharmaceutical company's two-dose Covid-19 vaccine could receive approval from the U.S. Food and Drug Administration (FDA) as soon as today. The stock was on the rise yesterday as well, adding 3.9% after the U.S. government ordered 3.2 million doses of the jab ahead of the FDA's pending approval. 

The stock has a ways to go, however, if it wants to work off its 51.2% year-to-date deficit. NVAX's most recent rally was cut short at the 140-day moving average. On the bright side though, the 100-day moving average sits below as potential support. Plus, month-over-month, the equity has added more than 71%. 

Despite this, short sellers have been piling on, rising almost 30% in the last reporting period. The 15.73 million shares sold short now make up 20.3% of the stock's available float, and would take almost three days to cover, at NVAX's average daily pace of trading. 

Options traders, on the other hand, have been much more bullish than usual. This is per Novavax stock's 10-day call/put volume ratio of 3.01 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 92% of readings from the past year. In other words, calls have been getting picked up at a much quicker-thank-usual clip of late. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI