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Benzinga
Benzinga
Business
Henry Khederian

Novavax Stock Dips As Moderna's Woes Weigh On Vaccine Sector

Novavax Moderna Vaccine NVAX Moderna Inc Novavax Inc Covid-19
Novavax Vaccine

Shares of Novavax Inc (NASDAQ:NVAX) are trading lower Friday morning, appearing to be caught in a downdraft affecting COVID-19 vaccine makers after rival Moderna Inc (NASDAQ:MRNA) reported disappointing second-quarter financial results and cut its full-year forecast.

What To Know: Moderna announced on Friday a significant second-quarter loss of $2.12 per share, substantially missing analyst expectations of a 93 cent per share loss.

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