Stock Track | Novavax Shares Tumble 9% After Clarifying COVID Vaccine Market Guidance
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. Song's assessment was based on a meeting with Novavax manage