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Moderna Stock Crash: Losses Top $140 Billion As Insiders Sell Millions Of Dollars In Shares
[Forbes] The rout has been particularly bad for Covid-19-related stocks in recent weeks, says Bank of America analyst Geoff Meacham, who points out pharmaceutical giant Pfizer, down 2% Monday, has also been caught in the mix despite the promise of its Covid antiviral pill after it warned in its fourth-quarter earnings report that vaccine sales will decelerate this year. With Covid cases plummeting from all-time highs, experts have increasingly questioned whether vaccines will be a sustainable revenue stream in the years to come, and adding to the concerns, a study released Friday by the Centers for Disease Control and Prevention showed Moderna and Pfizer booster shots lost substantial effectiveness after about four months. Blue states dropping the mask mandate should have been a clue the gravy train is over, at least until Covid 22, 23, ... hit Posted by: Woodrow 2022-02-16 |
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