Is It Too Late to Buy Moderna Stock After Its 127% Surge?
Moderna could be on the verge of a breakthrough, but the biotech's MRNA cancer vaccine catalyst is overly priced in.
Overview
Moderna (NASDAQ: MRNA) shares have made an incredible comeback this year. Up by nearly sixfold over the past 12 months, the stock, formerly one of the top COVID-19 vaccine plays, has surged thanks to developments with the non-COVID aspects of its pipeline.
The most recent surge, sending the stock up around 127% in a matter of weeks, stems from a breakthrough for the biotech company. Now, the question is whether Moderna can hold on to, much less add to, these latest gains.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.