Tuesday 8 September 2020

Moderna and Novavax Fall



Gut-wrenching drop for two of the main COVID VACCINE STOCKS: Moderna and Novavax.  Moderna has its worst day ever -- down 13%. Novavax drops over 8%. Hard to believe Moderna has shaved $9 B off its market value since mid-summer.  One investment adviser turned negative on Moderna arguing its prospects are "sharply to the negative."

Overall 16 stocks were down with 11 managing a gain. The average stock lost 1.8%.

Heat Biologics roared back with a gain of almost 12%. 

 

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