Wednesday 15 July 2020

Moderna's news drives the whole market as iBio explodes up over 43%




On a day when Moderna was the top news all day, iBio rocketed up another 43%. Moderna's release of its clinical data lead to Moderna climbing almost 7%, reaching an all time high and a market cap of almost $30 Billion. 

iBio was the only COVID VACCINE STOCK in Barron's top 100.

A few other COVID VACCINE STOCKS had stellar days: PDS Biotechnology (up by a third), Heat Biologics up 23% and VBI up almost 8%. 

On the other hand, several COVID VACCINE STOCKS stumbled quite badly. Sorrento was down 17% and Vaxart came back to earth with a drop of almost 15%. Altimmune, Biondvax and Inovio had serious down days as well.

There were 17 COVID VACCINE STOCKS on the upside with nine falling. Overall, the stocks had another positive day, up 2.3% on average. Unfortunately, you needed to be in the right stocks to do well. A mix of the wrong stocks today and a bad case of the dropsies set in.




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