What's Going On With Moderna Stock Monday?
Portfolio Pulse from Henry Khederian
Moderna Inc's stock is trading higher by roughly 2% amid rising COVID-19 cases in the U.S. The increase in cases could lead to higher demand for vaccines, potentially driving higher sales of Moderna's vaccine doses. Additionally, if booster shots are recommended to combat new variants or waning immunity, Moderna's stock could rise further.
August 28, 2023 | 4:03 pm
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Moderna's stock is trading higher due to rising COVID-19 cases, which could increase vaccine demand and sales. The potential need for booster shots could further boost the stock.
The rising COVID-19 cases in the U.S. could lead to increased demand for vaccines, including Moderna's, driving higher sales. Additionally, if booster shots are recommended due to new variants or waning immunity, this could lead to additional vaccine sales, positively impacting Moderna's stock.
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