Novavax shares up big again. What's moving the needle?

Shares of Gaithersburg-based Novavax Inc. have spiked again, jumping by 18 percent during Friday trading, as the company is increasingly considered a promising acquisition target. On Friday afternoon — its third major spike so far this year — the company was trading at $2.43, up from an opening price of $2.06 and up 12.5 percent from its Thursday closing price of $2.16 per share. Trading volume reached 29.4 million shares, nearly triple the company's average volume of 1 0.2 million shares. Novavax…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news