Steve Weiss Once Predicted Moderna Stock Would Rise 500% And Trade Like Amazon: Now He's Selling As The CEO Dumps Shares
Portfolio Pulse from Adam Eckert
Steve Weiss, who once predicted Moderna Inc (NASDAQ: MRNA) shares would rise 500% and trade like Amazon, is now selling a significant portion of his position as the company's CEO Stéphane Bancel also dumps shares. Moderna's stock has fallen about 75% since its peak, and Weiss believes the CEO's stock sales will negatively impact the stock in the short term.
June 26, 2023 | 8:18 pm
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NEGATIVE IMPACT
Moderna's stock is expected to be negatively impacted in the short term due to significant stock sales by both Steve Weiss and CEO Stéphane Bancel.
The stock sales by Steve Weiss and CEO Stéphane Bancel are likely to create selling pressure on Moderna's stock in the short term. Weiss believes that the CEO's stock sales will negatively impact the stock, and the market is expected to react to this insider trading activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100