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AstraZeneca Stock Flirts With Breakout As Cancer Drug Sales Shine; Sanofi, Bristol Stocks Diverge
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AstraZeneca Stock Dives, Pulling Gilead With It, On A Disappointing Update In Lung Cancer Treatment
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AZN Stock Jumped 3%, WHO Approves AstraZeneca Coronavirus Vaccine for Emergency Use
Feb 16 2021 · 10:58 UTC | Updated
Feb 16 2021 · 11:15 by Steve Muchoki · 3 min read
Photo: Depositphotos
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Notably, the World Health Organization has approved two different versions of the AstraZeneca vaccine that were found out to be approximately 63% effective.
AstraZeneca PLC (NASDAQ: ADN) stock was at $51.69, up 3.19% at teh previous close. But it retraced approximately 1.08% during today’s premarket. The spike in AstraZeneca stock for the past few hours has been attributed to news that the company’s coronavirus vaccine candidates have been approved by the World Health Organization (WHO) for emergency use. As a result, AstraZeneca’s coronavirus vaccine candidates joined Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) vaccine that was approved late last year for emergency use.