Why Shares of Moderna Rose While the Market Tanked on Thursday

Moderna (NASDAQ: MRNA) bucked the bear market on Thursday, closing the day 1.2% higher. That lift appears to have stemmed from at-first-glance minor news about a new company hire.

Thursday morning, Moderna announced that it had hired a managing director (Michael Mullette, formerly a long-serving executive at Sanofi) for its Canadian operations, effective immediately.

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Source Fool.com