Moderna Stock Crash Intensifies: Losses Top $130 Billion After Scientists Find Covid Boosters Aren’t Halting Omicron Infections
Moderna stock fell 4.4% Friday to an eight-month low of $160, pushing shares down more than 20% over the past week

Battered by a steep broad-market selloff this week, Moderna shares fell for a sixth straight day Friday as experts questioned whether Covid-19 vaccine sales alone will help justify the firm’s meteoric valuation, intensifying a crash that’s wiped out more than 60% of the value in one of last year’s top stocks and turned it into this year’s worst performer.

Though the number of Covid infections has spiked amid the omicron-spurred wave of the pandemic, the Centers for Disease Control and Prevention said Friday that Moderna and Pfizer boosters were 90% effective at preventing people infected with the new variant from being hospitalized....

Read more: https://onlinemarketingscoops.com/moderna-stock-crash-intensifies-losses-top-130-billion-after-scientists-find-covid-boosters-arent-halting-omicron-infections/

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