Why Novavax Stock Is Sliding Today

Keith Speights, The Motley Fool
·2-min read
Why Novavax Stock Is Sliding Today
Why Novavax Stock Is Sliding Today

Shares of Novavax (NASDAQ: NVAX) were sliding 4.3% lower as of 10:09 a.m. EDT on Friday after falling as much as 7.6% earlier in the day. The decline appears to be related to B. Riley Securities analyst Mayank Mamtani's lowering of the one-year price target for the stock from $257 to $223 yesterday. What should investors' response be to Novavax's drop today?