Novavax Offering Pressure (NVAX)

Posted in pre-market 
November 20th, 2009

Novavax, Inc. (Nasdaq: NVAX) is trading down this morning on reports from the company that it plans to offer common stock in a public secondary offering through Piper Jaffray and Lazard Capital Markets.  Terms were not yet stated, but the shares at 8:10 AM EST are down 10% at $3.38 on about 30,000 shares. Average volume is now over 6 million shares and the 52-week trading range is $0.52 to $7.79.  Volume should really pick up here shortly.

JON C. OGG

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