Shares of the vaccine maker are trading up 230% this year.
Novavax stock seesawed on June 6 after the FDA assigned an April review date for its Covid vaccine. Is NVAX stock a buy right now?
Penny stocks have the tendency to surprise when it comes to delivering stellar returns at the blink of an eye. A good example is Novavax (NASDAQ:NVAX) that has delivered 203% returns for year-to-date. With the meme stock euphoria on the cards, it’s likely that 3x to 5x returns will be seen in a matter of weeks. I would, however, prefer to remain conservative and focus on quality ideas within the penny stocks space. It makes sense to buy a stock that steadily trends higher than buying an idea tha