BWV Stock Tumbled 38% in Morning Trading

Tiger Newspress2022-08-18

BWV stock tumbled 38% in morning trading after soaring nearly 200% in the last trading day.According to a press release from the company, Blue Water intends to use its norovirus shell and protrusion virus-like particle (VLP) platform. While this still doesn’t mean it will definitely develop a vaccine, investors are excited about the potential.

Chairman and CEO Joseph Hernandez said the following about the company’s plans:

“As monkeypox cases rise around the globe, BWV is committed to exploring the potential of our platform to create a novel monkeypox vaccine candidate […] Our VLP platform has previously demonstrated versatility across multiple infectious diseases, and we are excited to initiate this research to understand the potential to create another vaccine to fight this outbreak.”

Blue Water Vaccines is hoping to capitalize on the fact that there are only two monkeypox vaccines approved for use in the United States. Some 12,000 cases have been reported from May 2022 to August 2022.

The idea of Blue Water Vaccines tackling monkeypox has BWV stock seeing heavy trading on Wednesday. More than 85 million shares are on the move as of this writing. For the record, the company’s daily average trading volume is closer to 2.1 million shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

chtee
2022-08-19
chtee
Not BMW?
Worpeng2002
2022-08-19
Worpeng2002
Ok
andrew123
2022-08-19
andrew123
Like
eo1668
2022-08-19
eo1668
ohh
Ghostwalker
2022-08-19
Ghostwalker
Ok
YJ Lee
2022-08-19
YJ Lee
Ok

Leave a comment

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