Why Moderna, Pfizer, and Other Vaccine Stocks Dropped Today

Shares of COVID-19 vaccine makers fell on Monday after a scientific review concluded that the general population does not require booster shots. 

By the close of trading, shares of Moderna (NASDAQ: MRNA), BioNTech (NASDAQ: BNTX), Novavax (NASDAQ: NVAX), and Pfizer (NYSE: PFE) were down 6.6%, 6.3%, 3.5%, and 2.2%, respectively.

In an article published in the peer-reviewed medical journal The Lancet, a group of respected scientists from around the world said that existing COVID-19 vaccines remain "protective against severe disease from all the main viral variants." 

Continue reading

Source Fool.com