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Why Moderna, Novavax, and BioNTech Stocks Dropped Today

TheMotleyFool

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Shares of Moderna (NASDAQ: MRNA), BioNTech (NASDAQ: BNTX), and Novavax (NASDAQ: NVAX) fell 4%, 9%, and 11%, respectively, on Monday, as investors rotated out of the previously high-flying vaccine stocks.

Investors seeking the means to protect and grow their wealth during the pandemic have sought shelter and opportunity in the shares of the major vaccine makers. Moderna, BioNTech, and Novavax, in turn, have delivered torrid gains to their shareholders in recent months. Even after today's declines, their stock prices are up 105%, 254%, and 318%, respectively, so far in 2021.

Multiple vaccine stocks pulled back sharply on Monday. Image source: Getty Images.

Source Fool.com

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