Moderna, Inc is an American pharmaceutical and biotechnology company based in Cambridge, Massachusetts. It focuses on drug discovery, drug development, and vaccine technologies based on messenger RNA.
Moderna (MRNA) and Pfizer (PFE) had a great week. I have been long on both for a few years now, but lately Moderna has been underperforming and can’t seem to break the trend; it predictably drops below $25 when nearing $30, despite the prospects being good, zero debt, and having new FDA approvals for more than just COVID-related vaccines. If they meet their mark this year, a fair valuation can easily land MRNA between $35 and $55; some analysts even say $80 isn't unreasonable. Considering how the anti-science party and anti-vaxers dominate the government, it's understandable to be conservative, naturally, with buying into biopharma and immunization tech right now. However, given how these stocks performed through the imminent government shutdown, I can't seem to make a reasonable bear case because factors such as the lack of government funding and FDA regulations cannot seem to compromise their growth seriously; in fact, it seems to stimulate it.
I’ve had this on a watchlist for 4 months. No news and 3x volume today…
Unless someone has the scoop, I’m wondering if it’s being pulled up by the PFE jet stream. a lot of bio tech and healthcare seemed to move over the last 48 hours on the Pfizer news.
$NTLA, $ABCL, $NUVB (yesterday), $MRNA, $NVAX, $MERCK… all up.
Yeah indeed, I saw someone sold a ton of $29.5 calls exp 10/3 today so I got spooked https://financhle.com/company/MRNA/options/O:MRNA251003C00029500 but I can’t complain made a huge gain on these
Getting rid of mRNA vaccine funding is a legitimate catalyst by harming competition for NVAX as they have a non mRNA covid vaccine… we could be due for another legendary run up