Top Movers | VERB +300% on TikTok Deal; NVAX welcomes fall vaccination season
1. $Verb Technology Co., Inc.(VERB)$ Soars 347% on TikTok deal, but uncertainty looms
Verb Technology stock has surged by 347% following an announcement of a deal with TikTok. The deal involves some level of integration between Verb's Market.live system and TikTok, potentially allowing creators to use Verb's products on TikTok.
The extent of this integration's value remains uncertain, depending on TikTok's endorsement and adoption. The collaboration aims to bridge the gap between content creation and social shopping on TikTok, potentially transforming the market.
However, Verb's recent financials indicate a need for more capital, and the stock price rise may lead to stock issuance to fund their plans.
2. $Novavax(NVAX)$ +10.23%: Lags behind its peers but prepares for fall vaccination season
Now, Novavax is preparing for the fall vaccination season and transitioning to the commercial market. In addition, Novavax has taken steps to reduce expenses and liabilities.
The CDC expects new COVID-19 shots from $Pfizer(PFE)$ , $Moderna, Inc.(MRNA)$ , and $Novavax(NVAX)$ to be available around mid-September. A group of CDC advisers will meet on September 12 to decide who should get these shots.
Still, it faces challenges due to its delayed market entry and disputes with organizations like Gavi. This explains why NVAX stock price lags behind its peers.
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