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Thread: Moderna Stock Crash: Losses Top $140 Billion As Insiders Sell Millions Of Dollars In Shares

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    Moderna Stock Crash: Losses Top $140 Billion As Insiders Sell Millions Of Dollars In Shares

    -Shares of Moderna plummeted Monday as Covid-19 vaccine-makers led a turbulent market decline, pushing the stock to its lowest level in nearly a year after disappointing study results and a slew of sales from the firm's top executives added to concerns that have made one of last year's top-performing stocks crash more than 70%.

    Moderna stock fell as much as 13% on Monday to a 10-month low of less than $140, pushing shares down more than 30% over the past month amid a sell-off largely centered on technology and healthcare firms that skyrocketed in value during the pandemic.

    The rout has been particularly bad for Covid-19-related stocks in recent weeks, says Bank of America analyst Geoff Meacham, who points out pharmaceutical giant Pfizer, down 2% Monday, has also been caught in the mix despite the promise of its Covid antiviral pill after it warned in its fourth-quarter earnings report that vaccine sales will decelerate this year.

    With Covid cases plummeting from all-time highs, experts have increasingly questioned whether vaccines will be a sustainable revenue stream in the years to come, and adding to the concerns, a study released Friday by the Centers for Disease Control and Prevention showed Moderna and Pfizer booster shots lost substantial effectiveness after about four months.

    Moderna's recent losses also follow a slew of regulatory filings released Friday evening which showed four Moderna executives—including billionaire CEO Stéphane Bancel—sold a combined 23,281 shares for about $3.6 million last week...

    Moderna Stock Crash: Losses Top $140 Billion As Insiders Sell Millions Of Dollars In Shares

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    Administrator fuego's Avatar
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    I posted this link below of a Project Veritas video where one of the government drug guys was saying the goal was to get everybody vaccinated every year with the goal of course being lots of money. Hopefully this can put a dent in that.

    Project Veritas: FDA Exec on Camera Reveals Future COVID Policy "Biden Wants To Inoculate As Many Pe

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