Best Penny Stocks To Trade #3: Novavax Inc.
A familiar face on this list of penny stocks, Novavax (NVAX – Free Report) has seen a strong 2020 so far. After opening the year around $4, shares of NVAX stock have climbed as high as $5.51 so far. We discussed this company earlier in the week after Novavax was awarded Fast Track designation for its flu vaccine from the FDA.
“The FDA’s decision to grant Fast Track Designation for NanoFlu reflects the urgent unmet medical need for a more effective vaccine against influenza, particularly in the older adult population which often experiences serious and sometimes life-threatening complications, of the disease,” said Stanley C. Erck, President and Chief Executive Officer of Novavax.
Furthermore, the company presented at one of the biggest healthcare conferences of the year. This is the JP Morgan Healthcare Conference. In relation to this, the transcript of the company’s presentation was published after the market closed on Thursday. At the end of the week, NVAX managed to leave the penny stock territory and remained above $5 for the majority of the trading session. Will this continue next week?
