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17.09.2021 17:17:04

Why COVID Vaccine Stocks BioNTech, Moderna, and Novavax Are Sliding While Ocugen Is Rising

Several leading COVID-19 vaccine makers saw their stocks slip on Friday morning. Shares of BioNTech (NASDAQ: BNTX) were falling 4.6% as of 10:58 a.m. EDT. Moderna (NASDAQ: MRNA) stock was sliding 2.6% lower. Shares of Novavax (NASDAQ: NVAX) were down 1.7% after slipping as much as 2.4% earlier in the day.However, there was one notable exception to the downward trend. Ocugen (NASDAQ: OCGN), which owns U.S. and Canadian marketing rights to Bharat Biotech's Covaxin, saw its shares rise 1.9% after climbing as much as 5% earlier.Investors appeared to be skittish about vaccine stocks today for one main reason. An advisory committee to the U.S. Food and Drug Administration is discussing booster doses for Comirnaty, the COVID-19 vaccine sold by Pfizer (NYSE: PFE) and BioNTech. It's possible that the panel won't recommend boosters for all Americans as the Biden administration wants. Continue reading
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