Moderna shares are trading lower despite FDA approval of mRESVIA. The stock may be pulling back after strength in the past month.
Portfolio Pulse from Benzinga Newsdesk
Moderna shares are trading lower despite FDA approval of mRESVIA. The stock may be pulling back after strength in the past month.
May 31, 2024 | 6:24 pm
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Moderna shares are trading lower despite the FDA approval of mRESVIA. The decline may be attributed to a pullback after a period of strength in the past month.
Despite the positive news of FDA approval for mRESVIA, Moderna's stock is trading lower. This suggests that the market may be experiencing a pullback after a period of strength in the past month, indicating profit-taking or a correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100