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Stock Track | Novavax Shares Tumble 9% After Clarifying COVID Vaccine Market Guidance

Stock Track10-03

Shares of Novavax Inc. (NVAX) plunged over 9% in pre-market trading on Thursday after the biotechnology company clarified that it has not reaffirmed or updated its full-year 2024 financial guidance for the U.S. COVID-19 vaccine market, contrary to a recent analyst report.

On Wednesday, Novavax's stock soared nearly 19% after Jefferies analyst Roger Song suggested in a research note that the company would likely meet its 2024 revenue guidance. Song's assessment was based on a meeting with Novavax management, where he concluded that trends in this year's COVID-19 vaccine sales would follow a similar pattern as 2023.

However, Novavax swiftly clarified that while it is aware of the analyst report, it has not provided any updates or reaffirmations regarding its full-year 2024 outlook since the Q2 2024 financial results in August. This clarification appeared to trigger a sharp reversal in investor sentiment, resulting in a significant pre-market decline in the company's share price.

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Kaboom
·10-03
Sigh. This company is a joke
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(NVAX) plunged over 9% in pre-market trading on Thursday after the biotechnology company clarified that it has not reaffirmed or updated its full-year 2024 financial guidance ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVAX","symbol_name":"诺瓦瓦克斯医药","start_time":0,"source_url":"","article_id":"1119542827","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119542827","pubTimestamp":1727959029,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Novavax Inc.  plunged over 9% in pre-market trading on Thursday after the biotechnology company clarified that it has not reaffirmed or updated its full-year 2024 financial guidance for the U.S. COVID-19 vaccine market, contrary to a recent analyst report.On Wednesday, Novavax's stock soared nearly 19% after Jefferies analyst Roger Song suggested in a research note that the company would likely meet its 2024 revenue guidance. 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