Moderna, Inc. (MRNA) saw its shares plummet 5.01% during Monday's intraday trading session, underperforming the broader healthcare sector.
The decline came despite the company reiterating its 2025 revenue forecast of approximately $1.9 billion and improving its operating expense guidance. Analysts at Jefferies expressed skepticism about Moderna's ability to achieve cash breakeven by 2028, stating that "more reductions are needed to instill investor confidence." This skepticism overshadowed the company's positive updates, including potential vaccine approvals in 2026.
The healthcare sector broadly declined during the session, with the NYSE Health Care Index down 0.5% and the iShares Biotechnology ETF (IBB) falling 1.8%, contributing to the negative sentiment around Moderna's stock.
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