Mark Holder
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Mark Holder in Out Fox The $treet,

Novavax: Opportunity At 52 Week Low?

Novavax (NVAX) ended November at $1.21. The stock trades a few pennies from the 52-week low of $1.16. 

If the beleaguered biotech holds at these lows, traders have an opportunity to dip their toes into the stock. Funding remains a concern, but Novavax will have some major catalysts in 2017 that could reward shareholders. For the next few weeks, tax-loss selling will depress the stock before providing an eventual opportunity as December comes to a close.. 

Disclosure: No position