why is moderna stock dropping september 2021
However the stock has shed. This assumed that Moderna would make about a billion doses to fulfill orders around the world at an average price of 3470 for total 2021 revenue of 347 billion.
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There is a broad sell-off in the market and SP.
. MRNA stock has declined by roughly 25 over the last two weeks. Shares of Moderna are down by 7 today as higher Treasury yields put significant pressure on high-growth stocks. Moderna MRNA-179 shares have recorded the biggest ever intraday loss to reach a three-month low after the companys Q3 2021 earnings lagged expectation for the first.
The stock is already obscenely overpriced and thats even factoring in a recent upgrade from Morgan Stanley which raised its price target for Moderna from 190 to 337. Back on 9 September when news of this innovative treatment hit the trading floor shares of Moderna rose as much as 8 to 456 per share. In two days Modernas stock price has fallen by more than 30 percent from about 346 to 237 wiping out more than 40 billion in market value a steep decline that.
While news from the company has been largely positive with its Covid-19 vaccine.
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