Why Moderna Stock Is Rebounding Today

Shares of Moderna (NASDAQ: MRNA) were rebounding somewhat on Thursday after several days of declines. The stock was up 4.6% as of 10:59 a.m. EDT today.

Moderna actually had more bad news today. Finland joined Denmark and Sweden in pausing the use of the company's COVID-19 vaccine for some individuals due to concerns about a rare heart inflammation issue. Finland's pause applies to men under age 30, the demographic with the highest risk for the cardiovascular problems.

However, Moderna also announced plans to build a new facility in Africa that will be able to produce up to 500 million doses of its messenger RNA (mRNA) vaccine each year.

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Source Fool.com