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JP Morgan downgrades Novavax, Inc (NVAX) stock to an Underweight

Novavax, Inc’s filing revealed that its Officer Dubovsky Filip acquired Company’s shares for reported $95331.0 on Sep 18 ’24. In the deal valued at $13.00 per share,7,335 shares were bought.

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Then, YOUNG JAMES F sold 7,500 shares, generating $105,675 in total proceeds. Upon selling the shares at $14.09, the Director now owns 61,760 shares.

Before that, YOUNG JAMES F sold 7,500 shares. Novavax, Inc shares valued at $102,881 were divested by the Director at a price of $13.72 per share. As a result of the transaction, YOUNG JAMES F now holds 69,260 shares, worth roughly $0.61 million.

JP Morgan downgraded its Novavax, Inc [NVAX] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early May from “an Underweight” to “a Neutral”. BofA Securities also remained covering NVAX and has increased its forecast on May 10, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. B. Riley Securities revised its rating on August 09, 2023. It rated NVAX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of NVAX

On Tuesday, Novavax, Inc [NASDAQ:NVAX] saw its stock fall -6.12% to $8.75. Over the last five days, the stock has gained 9.38%. Novavax, Inc shares have risen nearly 82.29% since the year began. Nevertheless, the stocks have risen 60.26% over the past one year. While a 52-week high of $23.86 was reached on 06/06/24, a 52-week low of $3.53 was recorded on 02/05/24. SMA at 50 days reached $10.64, while 200 days put it at $10.18.

Levels Of Support And Resistance For NVAX Stock

The 24-hour chart illustrates a support level at 8.50, which if violated will result in even more drops to 8.25. On the upside, there is a resistance level at 9.14. A further resistance level may holdings at 9.53. The Relative Strength Index (RSI) on the 14-day chart is 45.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.81%. Stochastics %K at 56.89% indicates the stock is a holding.

How much short interest is there in Novavax, Inc?

A steep rise in short interest was recorded in Novavax, Inc stocks on 2024-11-15, growing by 5.79 million shares to a total of 41.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 35.72 million shares. There was a rise of 13.96%, which implies that there is a positive sentiment for the stock.

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