PFE - If You Invested $5000 in Vaxart in the March Market Crash This Is How Much You'd Have Today
Tiny Vaxart (NASDAQ: VXRT) was just a penny stock back in January. Few people had heard of the company. You could buy a share for only 34 cents. And then COVID-19 hit, followed by stay-at-home orders, economic shut-downs, and the current recession. The public health crisis sent the entire stock market crashing, with a few exceptions. Vaxart, a vaccine developer, was one of those few.
When Vaxart announced that it was pursuing an oral vaccine for COVID-19, the micro-cap went through the roof. In six weeks, Vaxart's stock price ran up to $3.45 a share on March 9. That's a nice 10-bagger for micro-cap investors in just a little over two months. And then the stock dropped 68% over the next week, falling all the way to $1.08 on March 16. This was just the beginning of Vaxart's roller coaster ride. Let's investigate how much you'd have today if you bought shares of Vaxart in the dark days of March.
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