Why Is Moderna Stock Down So Much

Why is moderna stock down so much Moderna will start to repurchase its shares, but the size of the buyback program is not material compared to the current market capitalization. Stock markets around the world have fallen after the boss of moderna cast doubts on the effectiveness of vaccines against the new omicron covid variant. Shares of moderna gained strong upside momentum on worries about the new variant of coronavirus. Biontech is up by 19%, pfizer. Shares of moderna (nasdaq:mrna) were falling 5.4% as of 11 a.m. Currently, analysts expect that moderna will report earnings of $26.71 per share in 2022,. The decline came after deutsche bank ( nyse:db ) initiated coverage on the stock with a. In 2022, moderna is expected to report earnings of $27.1 per share, so the stock is trading at roughly 12 forward p/e, which is cheap for the current market environment. Moderna's shares popped 20% on monday following the news. However, they don't appear to be the reason behind the decline in moderna's stock.

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Stephane bancel told the financial times he thought there would be a material drop in vaccine efficacy. The recent market worries about the spread of the delta variant of coronavirus served as an additional bullish catalyst for moderna shares. Analyst estimates for moderna’s earnings in 2021 have recently moved lower, and now analysts expect that the company will report earnings of $29.31 per share this year. Moderna stock falls as merck reports positive results of its antiviral drug shares of moderna found themselves under strong pressure after merck announced the resuls of the study for its antiviral. Morningstar estimates that moderna’s fair value is a mere $159 — 38% of its current price. Moderna stock has declined by about 25% over the last month and by close to 17% over the last two trading days alone.

Why is moderna stock down so much. What happened shares of moderna (nasdaq: S&p 500 is down by almost 2% today, but vaccine stocks are rallying. 72% of retail cfd accounts lose money. Countries rush to secure new doses of vaccines which. Why moderna stock is falling today there was positive news from a competing coronavirus vaccine earlier in the day. By the close of trading, the biotech's stock price was down 16.6% after. Pfizer stock was down 2.7% as of 11:09 a.m. Shares of pfizer's partner, biontech (nasdaq: Mrna) declined by about 20% over the last week (five trading days) considerably underperforming the broader s&p 500 which was down by about 3% over the same period. Moderna stock made an attempt to get to the test of the $500.

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