Vaxxinity Shares Rise 55% in Heavy Volume
April 29 2022 - 1:28PM
Dow Jones News
By Chris Wack
Vaxxinity Inc. shares were up 55% to $5.84 in heavy trading on a
day when there was no apparent news or releases from the
company.
Volume for the stock was 9.3 million shares at 12:50 p.m. ET,
compared with its 65-day average volume of 86,000 shares. The stock
was paused for volatility several times during Friday's trading
session.
The stock hit its 52-week low of $3.04 last Friday.
Earlier in the week, a filing to the Securities and Exchange
Committee revealed that Chairman Lou Reese bought 22,900 shares of
Vaxxinity shares at $3.48 a share. Mr. Reese now has direct
ownership of 51.6 million shares, and indirect ownership of 4.2
million shares.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
April 29, 2022 13:13 ET (17:13 GMT)
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