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, pushing shares down more than 20% over the past week amid growing research suggesting Moderna?s Covid-19 booster, while very effective against previous strains, has been less effective against the rapidly spreading omicron variant?
?SURPRISING FACT
Shares of Moderna have plunged 67% from an all-time closing high of $484 on August 9, wiping out about $133 billion from the firm?s market capitalization, which now stands at roughly $65 billion.
https://www.thegatewaypundit.com/202...ccine-results/
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