Why BioNTech Stock Is Skyrocketing Today After Gaining 23% Last Month

Shares of German clinical-stage biotech BioNTech (NASDAQ: BNTX) are up 26.6% in pre-market trading on Monday as of 9:17 a.m. EST, which suggests they're going to skyrocket during today's regular trading session.

While today's action is naturally overshadowing BioNTech stock's past performance, it's worth mentioning the stock gained 23.3% last month, according to data from S&P Global Market Intelligence. For context, the S&P 500 (including dividends) fell 2.7% in October.

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Source Fool.com