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Wednesday, August 12, 2020

Investors bag profits in COVID-19 vaccine players after run-up

Unsurprisingly, investors appear to be locking in profits after the extended rally in COVID-19 vaccine names considering the breathtaking rise in many of the players.

Support may be softening in the second-tier developers ahead of key data readouts from the leaders in the next 30-60 days.

Selected tickers and % off recent highs:

Pfizer (NYSE:PFE) (-1.4%)

AstraZeneca (NYSE:AZN) (-12.7%)

Sanofi (NASDAQ:SNY) (-5.5%)

Merck (NYSE:MRK) (-1.1%)

GlaxoSmithKline (NYSE:GSK) (-1.5%)

Moderna (NASDAQ:MRNA) (-26.7%)

BioNTech (NASDAQ:BNTX) (-33.6%)

Novavax (NASDAQ:NVAX) (-33.0%)

Dynavax (NASDAQ:DVAX) (-45.0%)

VBI Vaccines (NASDAQ:VBIV) (-49.6%)

IBio (NYSEMKT:IBIO) (-66.4%)

Inovio Pharmaceuticals (NASDAQ:INO) (-59.6%)

Heat Biologics (NASDAQ:HTBX) (-63.5%)


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