Blue Water Vaccines (NASDAQ:BWV) inventory tumbled 41% on Thursday after hovering 200% yesterday on information the corporate was engaged on a monkeypox vaccine.
Shares of Blue Water opened at $5.14, reaching a excessive of $6.28 in early buying and selling earlier than sliding to a low of $4.13. The inventory lately modified fingers at $4.52 at roughly 1:45 p.m. ET.
Blue Water shares rocketed 200% to shut at $7.64 on Wednesday following information its was exploring growing a vaccine in opposition to monkeypox.
The corporate went public on Feb. 18, providing 2.2M shares at $9 per share to boost round $20M. The inventory soared 538% to shut its debut session at $57.40.