Why Vaxxinity (VAXX) Shares Are Volatile Today


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Vaxxinity Inc (NASDAQ:VAXX) shares are trading lower by 10% to $0.24 during Tuesday’s session. The stock is trading lower on continued volatility after the company announced its intention to voluntarily delist and deregister its Class A common stock.

What Else?

Vaxxinity has decided to delist from Nasdaq due to non-compliance with the minimum bid price requirement. This move aims to tackle low trading activity, which the company says has been an obstacle in raising capital and attracting investors. By delisting and deregistering, the company says it can concentrate its resources on research and development without being distracted by stock price fluctuations.

The delisting is set to occur around May 9, followed by potential trading on over-the-counter markets. Vaxxinity will file the required forms with the SEC to finalize these changes and suspend reporting obligations.

See Also: UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes

According to data from Benzinga Pro, VAXX has a 52-week high of $3.10 and a 52-week low of $0.19.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Newswhy it's moving