VXRT - Vaxart up 9% on Wall Street Bets chatter upcoming CSO presentation
Vaxart (VXRT), which is developing an oral COVID-19 vaccine, is up more than 9% to $9.21 in afternoon trading as chatter on the Wall Street Bets Reddit channel heats up and the company announced its founder will present at a major vaccines conference.Sean Tucker, who is also chief scientific officer, will present on VXA-CoV2-1 next week during the World Vaccine Congress.A post yesterday from a user on the Wall Street Bets Reddit channel argued that the pill could address vaccine hesitancy.Vaxart released a poll last week indicating that participants greatly prefer a vaccine pill given as a pill than through a shot.Citing data from Ortex, Reddit user POOSOO_the_SMASHER notes that shares on loan comprise 28% of Vaxart float."If this comes close to 9, market makers will have to buy up shares to satisfy all those calls. This could absolutely gamma squeeze, and soon," he writes.
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Vaxart up 9% on Wall Street Bets chatter, upcoming CSO presentation