5 Healthcare Stocks to Watch in Light of Biden’s ‘60 Minutes’ Interview

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1. Novavax, Inc. (NASDAQ:NVAX)

Number of Hedge Fund Holders: 25

Year-to-Date Performance: -86.28%

Novavax, Inc. (NASDAQ:NVAX) is a biotechnology company based in Gaithersburg, Maryland. It works to produce vaccines for the prevention of serious infectious diseases among more.

JPMorgan’s Eric Joseph downgraded shares of Novavax, Inc. (NASDAQ:NVAX) from Neutral to Underweight on September 22. The analyst also lowered his price target on the stock from $132 to $27.

Novavax, Inc. (NASDAQ:NVAX) also hit its 52-week low on September 29, and the stock has fallen by 86.28% year-to-date. The stock lost 7% right after Biden’s comments as well.

Our hedge fund data shows 25 funds long Novavax, Inc. (NASDAQ:NVAX) in the second quarter, with a total stake value of $255 million.

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