Novavax (NVAX) is a biotechnology company focused on the discovery, development, and commercialization of innovative vaccines to prevent infectious diseases. They utilize their proprietary recombinant nanoparticle technology platform to create vaccine candidates for a wide range of diseases, including respiratory syncytial virus (RSV), influenza, and COVID-19.
Following the release of their earnings report, Novavax's stock gapped higher, indicating a significant increase in buying pressure. This suggests that investors reacted positively to the company's financial performance and outlook. The gap higher could potentially signal a bullish sentiment and a potential continuation of the upward trend in the stock price.
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