In today's presentation we are going to address the notion that NVAX was dragged down by the overall market and is truly still an outstanding stock at an outstanding price.
The DOW hit its high of 18,351 on May 19th.
The NASDAQ hit its high of 5,231 on July 20th.
The IBB hit its high of 400 on July 20th.
NVAX hit its high of 15.01 on August 11th
All 3 indices hit their low on August 24th.
DOW - 15,370 (down 16%)
NASDAQ - 4,292 (down 18%)
IBB - 284 (down 29%)
NVAX hit its low of 6.25 (down 58%) on September 29th
As of the close today:
DOW(17,779) - Current percent off high: 3%
NAZDAQ(5,095) - Current percent off high: 3%
IBB(331) - Current percent off high: 18%
NVAX(7.34) - Current percent off high: 51%
As you can see NVAX might of been brought down by the overall market but continues to EXTREMELY lag in the recovery of the IBB and and the upward trend the market is now taking going into the year end.