Moderna Stock Soars On Massive COVID-19 Vaccine Study

The equity is up over 300% year-to-date

Digital Content Manager
Jul 27, 2020 at 11:02 AM
facebook X logo linkedin


The shares of Moderna Inc (NASDAQ: MRNA) were last seen up 5.4% at $77.18, after the U.S. government nearly doubled its initial $483 million investment and awarded the biotechnology company an additional $472 million over the weekend to support the development of its potential coronavirus vaccine. The experimental treatment is entering late-stage trials, which will include a stage-three study involving at least 30,000 volunteers. 

Despite this, BMO slashed its price target to $94 from $112 this morning. This puts the consensus 12-month price target at $92.77, which is still a 19.9% premium to current levels. The majority of analysts are optimistic on MRNA, however. Ten consider it a "buy" or better, while just three say "hold," with not a single sell to be seen. 

On the charts, MRNA has slightly cooled off from its all-time high of $95.21 on July 17. Most of these losses were captured by the stock's 40-day moving average, however. Plus, year-to-date, MRNA sports an impressive 301% lead.

In the options pits, it looks as if calls are more than doubling puts. In the last 10 days, 133,137 calls were exchanged, as opposed to 54,149 puts. On the other hand, MRNA's Schaeffer's put/call open interest ratio (SOIR) now stands higher than 90% of readings from the past year, implying short-term options traders have been more put-biased than usual.

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI