Moderna Stock Crashes – Losses Top $130 Billion, Stock Down 67% from Highs Last Year Following Lackluster COVID Vaccine Results
Moderna stocks plunged on Friday during the market selloff this week. The company has lost $130 billion in value this year over the lackluster COVID vaccine results with the new Omicron variant. The stock is down 67% from its all-rime high last year.
Via Jonathan Ponciano at Forbes.
Battered by a steep broad-market selloff this week, Moderna shares fell for a sixth straight day Friday as experts questioned whether Covid-19 vaccine sales alone will help justify the firm’s meteoric valuation, intensifying a crash that’s wiped out more than 60% of the value in one of last year’s top stocks and turned it into this year’s worst performer.
Moderna stock fell 4.4% Friday to an eight-month low of $160,
