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Benzinga
Benzinga
Technology
Shanthi Rexaline

Novavax's 22% Post-Earnings Plunge: 5 Factors That Took Toll

Novavax Nasdaq Vaccine Covid-19 Gavi

Novavax, Inc. (NASDAQ:NVAX) shares slumped 22.27% after-hours on Monday, reacting to its quarterly financial report. What would have been a trophy quarter to flaunt, given COVID-19 revenue only just began to trickle in, turned out to be a big disappointment.

Here're five reasons why the COVID-19 vaccine maker's report triggered a negative reaction:

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