Shares of Brazilian oil company Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) slipped somewhat this morning after investment bank UBS flipped 180 degrees from buy to sell on the oil stock. The amount of the decline is in some dispute, with Google Finance clocking an 18% fall on PBR shares from a closing price of $11.40 per share last night, while Yahoo! Finance says it closed at only $10.10 per share and is down only 4%. Read More...
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Why Shares of Novavax Are Down Tuesday
Novavax (NASDAQ: NVAX) shares were down more than 16% in late-afternoon trading. On Tuesday, a dispute between the biotech maker of vaccines to treat infectious diseases and global nonprofit Gavi sent Novavax’s shares dropping. On Monday, Novavax canceled its contract with Gavi, saying the nonprofit had breached an agreement to purchase, in advance, 350 million doses of Nuvaxovid, Novavax’s COVID-19 vaccine.
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