11/26/2021, 10:49 AM (Source: TeleTrader)
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Vaccine makers surge in premarket with new strain in focus

Shares of vaccine developers listed on the United States markets soared in the premarket on Friday with the investors monitoring the news regarding the new COVID-19 variant found in South Africa.

It is still unclear whether the new strain is more transmissible or dangerous in terms of symptoms, but British Transport Secretary Grant Shapps stated it is "the most significant variant [the scientists] encountered to date in their research."

Novavax jumped 5.5% at 4:47 am ET, while shares of Pfizer concurrently added 4.86%. Moderna stocks skyrocketed 7.9% at the time, with shares of BioNTech gaining 5.82% in the green.

Baha Breaking the News (BBN) / BU