Why BioNTech Shares Are Rising During Monday's Session
Portfolio Pulse from Henry Khederian
BioNTech SE - ADR (NASDAQ:BNTX) shares are trading higher by 2.25% to $120.26 amid rising COVID-19 cases in the U.S. The increase in cases could lead to increased demand for vaccines, including BioNTech's jointly developed Pfizer-BioNTech COVID-19 vaccine, potentially driving up its stock price.
August 28, 2023 | 5:46 pm
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BioNTech's stock is rising due to potential increased demand for its COVID-19 vaccine amid rising cases in the U.S.
The rising COVID-19 cases in the U.S. could lead to increased demand for vaccines, including BioNTech's jointly developed Pfizer-BioNTech COVID-19 vaccine. This increased demand could positively impact BioNTech's revenue and drive up its stock price.
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