Why Some Coronavirus Stocks Plunged Today

Despite some rather good news with several coronavirus stocks on Monday, for the most part investors sold them off.

After an early morning price pop, bellwether Moderna (NASDAQ: MRNA) ended up sinking by over 6% on the day. Novavax (NASDAQ: NVAX), which fell 7%, could have been the poster child for the good news/bad stock price dynamic on the day. BioNTech (NASDAQ: BNTX) slid by more than 4%, even as the co-developer of its Comirnaty coronavirus vaccine, Pfizer (NYSE: PFE), crept up by nearly 3% on the day. 

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Source Fool.com