Why Moderna Stock Is Moving Higher Today

Shares of Moderna (NASDAQ: MRNA) were moving 5.2% higher as of 11:07 a.m. EST on Tuesday. The gain came after Moderna announced on Monday that it had filed for U.S. emergency use authorization (EUA) for its COVID-19 vaccine candidate mRNA-1273.

Most of Moderna's jump came on Monday, but it's understandable why the momentum continued to a lesser extent today. The EUA filing for mRNA-1273 is a major milestone for the company and could also open the door for Moderna to make a lot of money very quickly.

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Source Fool.com