Why Moderna Stock Is Rising Today

Shares of Moderna (NASDAQ: MRNA) were up by 5.4% as of 11:45 a.m. ET on Monday. The gain appears to be the result of several factors.

Some investors could be feeling more bullish about the vaccine maker after the Food and Drug Administration authorized its COVID-19 booster for all adults on Friday. Others could be more focused on the German government's decision to promote Moderna's booster shot to its citizens. In addition, Singapore's health minister stated publicly that people who initially received two doses of the Pfizer-BioNTech COVID-19 vaccine should consider getting the Moderna shot as their booster.

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Source Fool.com