VXRT - Why COVID Vaccine Stocks Dynavax Novavax and Vaxart Are Sinking Today
Shares of several COVID-19 vaccine makers were sinking on Tuesday morning. Dynavax Technologies (NASDAQ: DVAX) stock was down 6.3% as of 11:26 a.m. EDT, while shares of Novavax (NASDAQ: NVAX) and Vaxart (NASDAQ: VXRT) were falling 7.8% and 10.6%, respectively.
None of these three companies announced any news today. The declines for the biotech stocks appear to merely be run-of-the-mill volatility on a day when the overall stock market was down.
The best thing that investors can do when stocks fall for no apparent reason is... nothing. Instead, continue to focus on the prospects for the underlying businesses behind those stocks.
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Why COVID Vaccine Stocks Dynavax, Novavax, and Vaxart Are Sinking Today