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Moderna Stock Over 10% Yesterday: Will it Correct Today?

Via News Editorial Team

November 26, 2020

Moderna Stock Over 10% Yesterday: Will it Correct Today?
Shares of Moderna rose by a staggering 10.78% to $109.18 yesterday on Thursday, following the previous day downward trend. The Nasdaq Stock Market rose 0.48% to $12,094.40. According to Tuedays's article on Bloomberg Quint, "Moderna Soars to Record Ahead of Final Covid Vaccine Analysis." Moderna's last close was $98.56, 0.48% under its 52-week high of $108.66. Moderna's sales growth is 1271.1% for the present quarter and 5174.8% for the next. The company's growth estimates for the current quarter is a negative 62.2% and positive 254.3% for the next. Year-on-year quarterly revenue growth grew by 826.4%, now sitting on 246.7M for the twelve trailing months. Moderna's stock is valued at $109.18 at 08:28 EST, higher than its 52-week high of $108.66. Moderna's worth is way above its 50-day moving average of $77.77 and way above its 200-day moving average of $70.18. According to Bloomberg Quint on Mon Nov 23, "Moderna Chief Sells More Shares Ahead of Urgent Vaccine Filing."