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Why Moderna Stock Is Surging Higher Today

TheMotleyFool

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Why Moderna Stock Is Surging Higher TodayPhoto, wide shot, wide-angle lens, Medical device manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/3a7f6312-1eee-4702-9005-93cc1e62f970.png

Shares of the large-cap biotech Moderna (NASDAQ: MRNA) are up by a healthy 10.2% as of 10:58 a.m. ET Thursday morning. The stock is up by double digits today in response to stronger than expected sales of its COVID-19 vaccine, Spikevax, in the fourth quarter of 2021.

Ahead of the opening bell, Moderna reported fourth-quarter 2021 revenue of $7.2 billion. Wall Street, by contrast, was expecting revenue of roughly $6.8 billion for the three-month period.

Image source: Getty Images.

Source Fool.com

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