Disastrous Drop for Novavax (NVAX); Mad Catz Interactive (MCZ) Inks Mega-Deal with Logitech (LOGI)
Shares of Novavax, Inc. (Nasdaq:NVAX) slumped over 80% to touch a new 52-week low in after-hours trading Thursday as the company said that the late stage Resolve trial evaluating its vaccine candidate for respiratory syncytial virus (RSV) – which causes infections of the lungs and respiratory tract – in older adults failed to meet both primary and secondary efficacy goals
NVAX stock finished the regular session at $8.34, up $0.03 (or +0.36%) with a total volume of 23.01M shares traded
Novavax, which focuses on discovering, developing, and commercializing recombinant nanoparticle vaccines and adjuvants, has 271.19M Shares Outstanding. At close on Thursday, the company had a Market Capitalization of $2.26B and NVAX stock one-year range was between $4.08 and $10.70 per share
Mad Catz Interactive, Inc. (NYSEMKT:MCZ) shares soared more than 17% in the extended session Thursday after the company said that it has sold its Saitek simulation product portfolio to Logitech International S.A. (Nasdaq:LOGI) for $13 million in cash.
MCZ stock closed in negative territory by 4% (or -$0.008) at $0.192 and 69,570 of its shares changed hands during the day, representing a decrease in activity versus its average volume (3m) of 301,993
Mad Catz Interactive, which designs, manufactures, markets, sells, and distributes various entertainment products, has 73.47M Shares Outstanding, Market Capitalization (intraday) of $14.05M and MCZ stock one-year range is from $0.16 to $0.75 per share
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