Moderna Stock Sale

As ordinary investors piled in two insiders.

Moderna stock sale. T he top five executives at the biotech company moderna have sold more than 89 million of stock so far this year initiating nearly three times as many stock transactions than in all of 2019. Moderna s stock price skyrocketed as much as 30 on monday after the biotech company announced promising early results for its coronavirus vaccine. The stock sales first came to widespread notice after moderna announced positive early data from a vaccine trial in may. That was reported by cnbc but the real news regarding moderna and its stock is readily available via sec filings.

Moderna is selling 1 3 billion in stock to help fund its promising new coronavirus vaccine. At that point the company s share price jumped and official disclosures. The pace and frequency of sales of mrna stock by moderna insiders is shocking to me. Morgan stanley is the running the deal.

Moderna stock could enjoy a massive rally if its coronavirus vaccine delivers positive phase 3 data due purely to the magnitude of the market opportunity dwarfing its current pricey valuation. Plans to raise as much as 1 3 billion through a sale of shares to fund manufacturing of a coronavirus vaccine seen as one of the frontrunners in the race for immunization against the. View the latest moderna inc. Mrna stock price news historical charts analyst ratings and financial information from wsj.

May 18 produced an immediate spike in moderna s stock price which rose by nearly 20 to close at 80 that day after peaking at 87.