Moderna Stock Surges on Optimism of Bringing More Products to Market

Companies from Investopedia, written by Bill Mccoll on January 2nd, 2024. https://www.investopedia.com/moderna-shares-surge-on-ceo-comments-oppenheimer-upgrade-8421292

  • Moderna Inc. Chief Executive Officer (CEO) Stephane Bancel said Tuesday the vaccine maker expects sales to increase in 2025.
  • Oppenheimer & Co. securities analysts upgraded the stock to “outperform,” saying they expect the company will have five products on the market by 2026.
  • Shares of Moderna, which struggled in 2023 as COVID-19 vaccine demand waned, jumped Tuesday on the news.