The Vaxart Inc (NASDAQ:VXRT) stock has been one of the notable gainers over the past week, having gained 50% during the period and this morning the stock soared by 23%.
Vaxart, like many other biotech companies, has seen its stock go on a rollercoaster ride in 2021. Up until February this year, the VXRT stock had rallied by 6500% in a matter of 12 months. The optimism around the company’s tablet-based COVID 19 vaccine and early positive results had fuelled the rally.
However, the company soon had a setback and the stock tanked, despite the management’s attempts at putting a positive spin to it. That being said, the company is still working on its product despite the setback.
If Vaxart can demonstrate positive results then it could prove to be a significant boost to the stock price. The latest rally might be connected to those possibilities. Investors could do well to keep the stock in their watch lists at this point.
Finance and Entertainment Reporter
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