From a broader perspective, Novavax (NASDAQ:NVAX) is unquestionably one of this year’s biggest success stories. Just prior to 2020, NVAX stock was trading in the low single digits. Even during the depths of the Great Recession, Novavax shares managed to keep its price tag relatively respectable. Indeed, before the novel coronavirus pandemic disrupted the world, the company was on the verge of collapse.
While I’d never classify a virus outbreak as a good thing, for NVAX stock, it kept the lights on. Still, the second half of this year has been a volatile one. Yes, shares were on the cusp of closing at the $200 level in August. But as the harsh realities of the vaccine race spooked investors, many decided to pocket their enormous profits. Who could blame them?
Of course, the ensuing selling pressure took down