Moderna Stock Falls Despite Efficacy Update

Year-to-date, MRNA sports a 27.5% deficit

Deputy Editor
Mar 23, 2022 at 10:35 AM
facebook X logo linkedin


Moderna Inc (NASDAQ:MRNA) stock is down 4.2% at at $178.82 this morning, after the company released efficacy data for its two-dose Covid-19 vaccine for children under 6 years of age. According to Moderna, the vaccine has around a 44% efficacy rate at preventing infection from omicron in Children 6 months to under 2 years old, and is about 38% effective for children aged 2 to 5. The company will ask the Food and Drug Administration (FDA) to grant emergency use authorization (EUA) for the vaccine in children under 6 as soon as possible.

On the charts, Moderna stock scraped the $120 level earlier in the month, an area that hadn't been encountered for nearly 12 months. Now, the shares are up 16.7% for the month and have toppled several shorter-term moving averages along the way.

The options pits have been pessimistic, with puts popular over the last 10 weeks. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), MRNA sports a 50-day put/call volume ratio of 1.12 that sits higher than 94% of annual readings. This suggests long puts are getting picked up at a much quicker-than-usual pace.  

It's also worth noting the equity's Schaeffer's Volatility Scorecard (SVS) sits at 97 out of 100, suggesting the stock has exceeded options traders' volatility expectations in the past year.

 

 

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