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Here's Why Shares of Moderna, Novavax, and Ocugen Have All Been Extremely Volatile This Week

·4 min read
Here's Why Shares of Moderna, Novavax, and Ocugen Have All Been Extremely Volatile This Week
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Shares of COVID-19 vaccine companies Moderna (NASDAQ: MRNA), Novavax (NASDAQ: NVAX), and Ocugen (NASDAQ: OCGN) have all posted wild price fluctuations through Thursday's closing bell this week, according to data from S&P Global Market Intelligence. Specifically, Moderna's stock has fallen by 18% through the first four trading sessions this week, while Novavax's shares have plunged nearly 27% over the same period. Ocugen's stock, on the other hand, initially popped by a healthy 21.4% during Monday and Tuesday's combined trading sessions, before giving back all of these gains and then some over the next two days.