Moderna Stock Climbs on Upbeat Vaccine Update

An unwinding of short interest could push the security higher, too

Deputy Editor
May 25, 2021 at 10:30 AM
facebook X logo linkedin

Moderna Inc (NASDAQ:MRNA) is the second company -- after Pfizer (PFE) -- to develop a Covid-19 vaccine proven to be highly effective in younger age groups. The drugmaker said today that its jab has a 100% efficacy rate in a study of adolescents ages 12 to 17, and it plans to ask the U.S. Food and Drug Administration (FDA) to expand the emergency use of the vaccine to teens early next month. This news also comes just a few days after Moderna's vaccine gained approval in Japan and South Korea.

Moderna stock was last seen 1.7% higher to trade at $166.96. Earlier this month, MRNA looked poised to reclaim its Feb. 8 record high of $189.26, but $190 once again proved a tricky ceiling. Despite the choppy price action, MRNA has only breached its 120-day moving average twice on a closing basis in 2021, and sports a 59.3% year-to-date lead.

The equity could also benefit from an unwinding of short interest, which climbed 9.3% in the most recent reporting period. The 12.94 million shares sold short make up nearly 4% of MRNA's available float, and would take over a day to cover at its average daily pace of trading


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI