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Moderna Stock Crashes – Losses Top $130 Billion, Stock Down 67% from Highs Last Year

Moderna stocks plunged on Friday during the market selloff this week. The company has lost $130 billion in value this year over the lackluster COVID vaccine results with the new Omicron variant. The stock is down 67% from its all-rime high last year.

Via Jonathan Ponciano at Forbes.

Battered by a steep broad-market selloff this week, Moderna shares fell for a sixth straight day Friday as experts questioned whether Covid-19 vaccine sales alone will help justify the firm’s meteoric valuation, intensifying a crash that’s wiped out more than 60% of the value in one of last year’s top stocks and turned it into this year’s worst performer.

Moderna stock fell 4.4% Friday to an eight-month low of $160, pushing shares down more than 20% over the past week amid growing research suggesting Moderna’s Covid-19 booster, while very effective against previous strains, has been less effective against the rapidly spreading omicron variant…

…SURPRISING FACT
Shares of Moderna have plunged 67% from an all-time closing high of $484 on August 9, wiping out about $133 billion from the firm’s market capitalization, which now stands at roughly $65 billion.

40 Comments
  • RU programmed? says:

    Gotta LOVE “karma” when it boomerangs back to the demonics!

  • Mike Henderson says:

    Pfizer will be next

  • Tired of the BS says:

    They made more than their fare share off this bullshit.

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