Moderna Inc. Stock Falls 17.6%, Underperforms Peers

Dow Jones10-23 04:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Moderna Inc. tumbled 17.6% to $202.63 on what proved to be an all-around dismal trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 52,867.98 and the NASDAQ Composite Index falling 2.6% to 26,008.86.

The stock's fall snapped a three-day winning streak.

Moderna Inc. closed 20.4% below its 52-week high of $254.48, which the company reached on October 21st.

The stock underperformed when compared to some of its peers, as Johnson & Johnson rose 3.8% to $267.61, Pfizer Inc. rose 1.9% to $30.42, and Gilead Sciences Inc. rose 2.36% to $157.19.

Trading volume totaled 49.5 million, compared to the 50-day average of 23.7 million.

Data source: Dow Jones Market Data, FactSet

 

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