$Novavax(NVAX)$ , a stock that may shoot to the moon in about 10 days. On June 7, FDA advisory will meet to review its Emergency Use Authorisation (EUA) filing.
Given that other global regulatory authorities including Singapore has allowed its use, I am rather hopeful that its vaccine is likely to be approved by FDA, which will then very likely push its current share price higher. It is trading at around US $55.29 as at May 27.
Given that it has fallen drastically over the last 6 months, I have renewed confidence in this stock. Afterall, Covid19 and its new variant are not likely to go away so soon, demand will still be there. Moreover Novavax vaccine is protein based that offers an excellent option to people worried about unforseen harm from mRNA.
I like drug makers and is considering investing in Novavax. I hope I am right. Wish me luck. Hope to make some money for June holidays.
It is just my personal opinion. Do your own diligence as there are risks in any share investment . Best wishes.
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