Why BioNTech Fell by 7% Today Before Recovering
Shares of BioNTech (NASDAQ: BNTX) stumbled early on Monday, falling by as much as 6.6% before recovering. The stock closed the day slightly above water, with a gain of just under 1%.
BioNTech didn't report any significant news. The early Monday slide seems to have more to do with developments reported about other coronavirus vaccine developers than any internal factor.
Just before the start of last weekend, both the FDA and the Centers for Disease Control and Prevention lifted their pause on use of Johnson & Johnson's (NYSE: JNJ) coronavirus vaccine.
Source Fool.com
