Why BioNTech, Moderna, and Novavax Stocks Are Sliding Today
Shares of several COVID-19 vaccine makers were sliding on Monday. BioNTech stock (NASDAQ: BNTX) was down 6.5% at 12:09 p.m. EDT. Shares of Moderna (NASDAQ: MRNA) had slipped 4.4%. Novavax (NASDAQ: NVAX) stock had fallen 6%.
None of these companies had announced any news that would affect their share prices one way or another. So why did the vaccine stocks decline? The primary cause is likely run-of-the-mill volatility.
However, there's also the possibility that recent remarks made by the CEOs of Moderna and Pfizer (NYSE: PFE) raised investors' concerns. Last Thursday, Swiss newspaper Neue Zuercher Zeitung published an interview with Moderna CEO Stéphane Bancel. In the article, Bancel predicted that the pandemic could be over within a year.
Source Fool.com
