Shares of Moderna (NASDAQ: MRNA) and Novavax (NASDAQ: NVAX) are 2.7% and 3.5% higher, respectively, as of 11:10 a.m. EDT today, after more news showing booster shots are likely in the cards for those who have received a COVID-19 vaccine .
With many of those in the U.S. and U.K. already receiving their jab, and the delta variant circulating, much of Wall Street's work has been trying to calculate how much of an opportunity booster shots represents.
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Why Shares of Moderna and Novavax Are Higher This Morning