- Novavax crashes 19.38% lower as session gets underway; As things stand, Netflix (down 7.52%) and Playtika (down 3.2%) are underperforming today
- European markets are down as CAC is down by 3%, reaching 6,528.18
A new trading session is underway and the leading indices are slipping — Dow Jones trades at 33,275 after losing 2.03%. S&P 500 drawing back 2.17% to 3,908.7.
European markets are dropping as CAC is down by 3%, dips to 6,528.18 Asia-Pacific markets are currently lower as trading gets underway.
Market's down-tick coincides with some negative macro data published earlier as United States Core Retail Sales published today at 13:30 UTC came out at -0.2%, falling short of the 0.2% projections and continuing its decline from the previous 1.2% figure. Retail Sales in United States fell short of market expectations (-0.1%) with a reading of -0.6%, continuing the decline from the previous figure of 1.3%.
While price action maintains a negative bias, United States Philadelphia Fed Manufacturing Index (Dec) came out at -13.8, while a consensus of analysts was expecting -10.
Novavax is declining today, shedding 19.38% of its value so far this session. As things stand, Netflix (down 7.52%), Playtika (down 3.2%) are also underperforming today.
Playtika tumbles to $8.76
Playtika Holding Corp. is down to $8.76, after ending yesterday at $9.05. Overall, a 3.2% loss or 29 cents today. Playtika is currently trading with a market cap of $3.16 billion with an average daily trading volume of 1.11 million shares. So far in 2022, it has been under-performing the Nasdaq by 8.24%.
Lethargic start to the session sees Novavax drop as low as $13.41
Novavax is down to $13.89, after ending yesterday at $17.23. Overall, a 19.38% loss or $3.34 today. The company has a market cap of $1 billion with an average daily volume of 4.41 million shares. So far in 2022, it has been doing worse than the Nasdaq by 46.21%.