Stock Of The Day: Moderna Stock Plunges, Breaking Key Support Levels Following Earnings Report
Portfolio Pulse from Mark Putrino
Moderna, Inc. (NASDAQ:MRNA) shares have plunged following a disappointing earnings report, breaking key support levels and potentially entering a new downtrend. The stock fell below the $115.00 support level, indicating a lack of demand to absorb sell orders, which may lead to further declines.
August 01, 2024 | 6:33 pm
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Moderna shares have dropped significantly following a poor earnings report, breaking the $115.00 support level and potentially entering a new downtrend. The lack of demand to absorb sell orders suggests further declines may be imminent.
The poor earnings report has led to a significant drop in Moderna's stock price, breaking a key support level at $115.00. This indicates a lack of demand to absorb sell orders, which could lead to further declines as sellers may need to offer shares at a discount to attract buyers.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100