On an amazing up day where the Dow closed over 27,000 for the first time since early March, the COVID VACCINE 24 had another poor day to end a poor week. 16 stocks were down and only eight up. Doing worse than yesterday, the average COVID VACCINE stock was down 2.08% for the day.
These stocks exploded to the upside during the time of maximum fear of COVID and have only started to suffer as the economy shows more and more signs of coming back to normal life. They were a nice hedge when things were down but now the hedge is unwinding.
Nanoviricides (NNVC) and IBIO had the worst performances today, each down over 8%. Sorrento (SRNE) was the top performer on a bounce back day, up 6.74%.
INO:
http://ir.inovio.com/news-releases/news-releases-details/2020/INOVIO-and-IVI-Partner-with-Seoul-National-University-Hospital-to-Start-Phase-12-Clinical-Trial-of-INOVIOs-COVID-19-DNA-Vaccine-INO-4800-in-South-Korea/default.aspx.
Would you take a vaccine made in China? https://www.wsj.com/articles/in-race-for-covid-19-vaccine-china-tries-for-a-coup-11591354803?mod=searchresults&page=1&pos=8.
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