Moderna, Inc. (MRNA) stock surged 10.76% in Friday's intraday trading session as Jefferies analysts expressed optimism that the negative sentiment surrounding the company's COVID vaccine liability and Robert F. Kennedy Jr.'s criticisms may have peaked.
During a fireside meeting with Moderna's management, Jefferies noted that the company addressed concerns over the lack of COVID vaccine mandates and the potential impact on demand. Moderna reassured investors that there is still significant demand for updated booster shots, particularly in the over-65 age group.
Jefferies analysts believe that the market may have reached the "peak RFK negativity," referring to the intense scrutiny and criticism from Robert F. Kennedy Jr., a prominent anti-vaccine activist. Moderna's management acknowledged the challenges posed by the negative publicity but remains confident in their ability to navigate the situation.
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