BioNTech is buying CureVac for $1.25 billion in an all-stock deal
Biotech stock CureVac NV (NASDAQ:CVAC) was last seen up 32.2% at $5.37, after news that BioNTech (BNTX) is acquiring the company in all-stock deal worth $1.25 billion. The merger is still awaiting review from the German Economy Ministry.
Today's pop has CVAC trading at 52-week highs, conquering resistance at the $5 level, which kept it in penny stock territory for the last year. Since the start of 2025, the equity is up 63.5%.
CureVac stock's typically quiet options pits are booming today. The stock has already seen 45 times the average daily options volume, with the most activity at the June 6 call, where new positions are being opened.
Short interest has been unwinding, down 14.1% in the last two weeks, but the amount sold short still accounts for 4.4% of the stock's available float. It would take shorts over six days to cover, at CVAC's average pace of trading.