Novavax Inc (NVAX)

[LongRun8]

Well, now we know why those large blocks went Friday and today: because Modi sold again. There was speculation on the NVAX message board on Yahoo! that those blocks may have been Modi selling. Turns out to be correct.

The question now is who bought them because there must have been a big buyer lined up to absorb that huge block, as the price would have probably dropped much more considering the large sales in such a short time period. The stock has performed well given the selling. There are so many catalysts coming in the third quarter, so Modi is probably leaving lots of $$$ on the table. He did the same thing a year or so ago and ultimately sold too low. Would have made much more had he just held longer.

He probably just needed money now, but I hope he ends up regretting the timing of his sales because that'll mean we get great results on RSV maternal, RSV elderly, and seasonal flu. I bet he'll wish he sold in fourth quarter rather than now. He hasn't timed sales very well.