IPOS - Blue Water Vaccines stock climbs 11% after plunging 83% in prior session

Blue Water Vaccines (BWV) stock was up 11% midday Friday after plunging 83% on Thursday. Shares of the influenza vaccine developer recently changed hands at $11.31, up 11%, at approximately 1:00 p.m. ET. The stock opened at $12.68, hitting a high of $14.14 before sliding to a low of $10.75 in late morning. Blue Water stock sank 83% to close at $10.17 on Thursday, despite no apparent news or company press release. Around 0.30% of the stock is held by short interests, according to Dow Jones. The stock hit a 52-week high of $90.90 on Feb. 22 and a 52-week low of $9.90 Thursday. Blue Water held its initial public offering on Feb. 18. The company raised $20M after offering 2.2M shares at $9 per share, with shares soaring 538% to close their debut session at $57.40. The biotech company has been developing a universal flu vaccine along with vaccines for pneumococcus,

For further details see:

Blue Water Vaccines stock climbs 11% after plunging 83% in prior session