Why Vaxart Shares Are Falling

Vaxart Inc VXRT shares are trading lower by 6.76% to $2.42 during Monday's trading session. Shares of several vaccine companies at large are trading lower possibly after President Biden in a '60 Minutes' interview said the Covid pandemic is over.

What Else?

Per a Sunday report by CNN, President Biden said: “The pandemic is over. We still have a problem with Covid. We’re still doing a lot of work on it. It’s – but the pandemic is over."

CNN added that the US government still designates Covid-19 a Public Health Emergency and the World Health Organization says it remains a Public Health Emergency of International Concern.

See Also: Why Purple Innovation Shares Are Skyrocketing 50% Higher Monday

According to data from Benzinga Pro, Vaxart has a 52-week high of $8.49 and a 52-week low of $2.35.