Novavax, Inc’s filing revealed that its Director King Rachel K. unloaded Company’s shares for reported $37435.0 on Dec 13 ’24. In the deal valued at $9.02 per share,4,150 shares were sold. As a result of this transaction, King Rachel K. now holds 14,770 shares worth roughly $0.16 million.
Then, YOUNG JAMES F sold 5,400 shares, generating $43,200 in total proceeds. Upon selling the shares at $8.00, the Director now owns 51,760 shares.
Before that, YOUNG JAMES F sold 4,600 shares. Novavax, Inc shares valued at $39,008 were divested by the Director at a price of $8.48 per share. As a result of the transaction, YOUNG JAMES F now holds 57,160 shares, worth roughly $0.62 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 jump 10.86% to $10.82. Over the last five days, the stock has gained 36.44%. Novavax, Inc shares have risen nearly 34.58% since the year began. Nevertheless, the stocks have risen 116.40% over the past one year. While a 52-week high of $23.86 was reached on 01/07/25, a 52-week low of $3.53 was recorded on 01/02/25. SMA at 50 days reached $8.79, while 200 days put it at $10.69.
Levels Of Support And Resistance For NVAX Stock
The 24-hour chart illustrates a support level at 9.95, which if violated will result in even more drops to 9.08. On the upside, there is a resistance level at 11.62. A further resistance level may holdings at 12.42. The Relative Strength Index (RSI) on the 14-day chart is 72.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.58%. Stochastics %K at 75.93% 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 2024-12-13, dropping by -2.35 million shares to a total of 39.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 41.51 million shares. There was a decline of -6.01%, which implies that there is a negative sentiment for the stock.
