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Why Moderna Stock Surged Today

TheMotleyFool

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Why Moderna Stock Surged TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Moderna (NASDAQ: MRNA) rocketed higher on Monday, following bullish analyst commentary and news that the biotech company would be added to a popular stock market index.

As of 2:05 p.m. EDT, Moderna's stock was up more than 20%.

Moderna's experimental COVID-19 vaccine could produce annual sales of more than $5 billion, should it prove both safe and effective. So says Jefferies analyst Michael Yee, who began coverage of Moderna's stock with a buy rating and a $90 target price.

Source Fool.com

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