Why BioNTech Is Beating the Market Today
Coronavirus stock BioNTech (NASDAQ: BNTX) was having a lively Monday. The German biotech's shares were up by over 4% in late afternoon trading, trouncing the gain of the frothy S&P 500 index. The world's concern about the omicron variant of the coronavirus is translating into renewed investor enthusiasm for COVID vaccine makers.
While there is much that health authorities still don't know about omicron, they are taking the threat very seriously. On Monday, the World Health Organization (WHO) said that the risk it presents is "very high," although it added that more information is needed, and studies are being conducted to learn as much as possible about the variant.
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Source Fool.com
