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Moderna (MRNA) Surges: Stock Moves 6.5% Higher

Zacks Equity Research
·2 min read

Moderna, Inc. MRNA was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $65.74 to $82.44 in the past one-month time frame.

This move after the company announced that it has collected enough data to analyse phase 3 trials of its COVID-19 vaccine.

The company has seen six negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Moderna, Inc. Price

Moderna, Inc. Price
Moderna, Inc. Price

Moderna, Inc. price | Moderna, Inc. Quote

Moderna currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Medical - Biomedical and Genetics industry is Alimera Sciences, Inc ALIM, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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