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Why COVID Vaccine Stocks Dynavax, Novavax, and Vaxart Are Sinking Today

·2 min read
Why COVID Vaccine Stocks Dynavax, Novavax, and Vaxart Are Sinking Today

Dynavax Technologies (NASDAQ: DVAX) stock was down 6.3% as of 11:26 a.m. EDT, while shares of Novavax (NASDAQ: NVAX) and Vaxart (NASDAQ: VXRT) were falling 7.8% and 10.6%, respectively. The declines for the biotech stocks appear to merely be run-of-the-mill volatility on a day when the overall stock market was down. Sales of its Heplisav-B hepatitis B vaccine were negatively impacted by the COVID-19 pandemic.