Why Moderna (MRNA) Stock Is Up Today

StockStory
19 Feb
Why Moderna (MRNA) Stock Is Up Today

What Happened?

Shares of biotechnology company Moderna (NASDAQ:MRNA) jumped 11.8% in the morning session after it continued to build on the 3% gain from Friday when it reported fourth-quarter 2024 financial results. Despite this, Barclays seems to be exercising caution, downgrading the stock to equal weight from overweight earlier in the morning. The firm cited "policy risks, fewer clinical catalysts, and broader economic uncertainties that could limit its upside.".

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What The Market Is Telling Us

Moderna’s shares are extremely volatile and have had 40 moves greater than 5% over the last year. But moves this big are rare even for Moderna and indicate this news significantly impacted the market’s perception of the business.

Moderna is down 15.1% since the beginning of the year, and at $35.69 per share, it is trading 78.6% below its 52-week high of $166.61 from May 2024. Investors who bought $1,000 worth of Moderna’s shares 5 years ago would now be looking at an investment worth $1,887.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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