Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Dynavax Under Selling Pressure

Courtesy of Benzinga.

Dynavax Technologies Corporation (NASDAQ: DVAX) shares are trading lower by $1.95 (8 percent) at $18.30 in Monday’s session.

After last Thursday’s close, the company announced it received FDA approval for Heplisav-B for the prevention of Hepatitis B in adults. It did manage a small gain in a volatile session on Friday, but finished well off its high for the of $22.25.

See Also: At Long Last, Dynavax Wins FDA Approval For Heplisav

Unfortunately for investors, Dynavax has been a “sell the news” scenario as the stock has nearly doubled since its July 27 low of $8.90 when it reached $24.45 on October 5.

In today’s session, it was unable to clear Friday’s close ($20.25), only reaching $20.20 and began to move lower. The ensuing decline took the stock beyond Friday’s low ($18.60), reaching $18.20 as of 1:20 p.m. EST. That marks its lowest level since it bottomed on September 5 at $17.70.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!